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I I II II II I I I I I II I !I II I I II ,I II r n ~ Gerstle, Rosen & Goldenberg, P.A. \..:::;; ~'-J Certified Public Accountants addition, agency reports, legal structure and governance of the agency, interviews of appropriate agency personnel and any other data pertinent to the engagement are considered. Based on the data collected, analyzed and the results thereof, the engagement plan may be amended to reflect areas that need further review or less review. PHASE 3 - GRG will design and perform tasks based on our work statement and our amended engagement plan. Our procedures include testing financial, compliance, and/or operational performance data as well as sampling and testing for use of proper procedures of a representative group of transactions. These tests will enable GRG to have assurances that proper procedures and systems of internal control and compliance are in place. PHASE 4 - From the data and other pertinent information collected and developed during the above audit steps and procedures, the GRG team will perform an overall analysis of the agency's procedures, reassess materiality and risk, determine conformity with "generally accepted government accounting principles", compliance with the GAO/PCIE Financial Audit Manual, GAO Government Auditing Standards (the Yellow Book), OMB Circular A-133, and all other applicable auditing standards, and will prepare a draft report, supported by documentation, for timely submission and presentation to the agency for review and comments. Based on the agency's comments, and consideration of these comments by GRG, the final report will be prepared and submitted to the city in accordance with the city's requirements. As part of this engagement, GRG will assign, as a team member, a CPA who is also a Certified Fraud Examiner, to perform audit procedures, reviews and tests to evaluate the City's internal control system, accounting procedures and compliance with applicable operating statues and laws. b. Level of Staff and Hours Assigned for Each Segment Level of staff to be assigned and estimated number of hours to be assigned to each proposed segment is as follows: Partner Manaqer Supervisor Senior Staff Total Phase 1 4 4 2 2 0 12 Phase 2 4 4 2 10 8 28 Phase 3 2 8 19 83 39 151 Phase 4 11- 10 j2 16 8 58 Total 22 26 35 111 55 249 c. Sample Size GRG will utilize sampling programs and procedures that are consistent with pronouncements of the AICPA, GAO and other related professional regulatory agencies. These programs provide pronouncements regarding techniques, sizes and methodology of various statistical sampling programs. 7