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RFP No. 10-06-01 Auditing Services
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Marcum Rachlin
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Last modified
11/8/2010 1:36:43 PM
Creation date
11/8/2010 1:36:21 PM
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CityClerk-Bids_RFP_RFQ
Project Name
Professional Audit Services
Bid No. (xx-xx-xx)
10-06-01
Project Type (Bid, RFP, RFQ)
RFP
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<br />Performing the Review for'the Firm's Accounting and Auditing Practice Applicable to Non-SEe <br />Issuers <br /> <br />Based on our assessment of the combined level of inherent and control risks, we identified practice units <br />and selected engagements within those units to test for compliance with the firm's system of quality <br />control. The engagements selected for review included audits of Employee Benefit Plans. The <br />engagements selected for review represented a cross-section Of the firm's accounting and auditing <br />practice with emphasis on higher-risk engagements. The engagement reviews included examining <br />working paper files and reports and interviewing engagement personnel. <br /> <br />The scope of the peer review also included examining selected administrative and personnel files to <br />detennine compliance with tbe firm's policies and procedures for the elements of quality control <br />pertaining to independence, integrity, and objectivity; personnel management; and acceptance and <br />continuance of clients and engagements. Prior to concluding the review, we reassessed the adequacy of <br />scope and conducted a meeting with firm management to discuss our findings and recommendations. <br />
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