Laserfiche WebLink
<br />SECTION II - SPECIFIC AUDIT APPROACH <br /> <br />Specific Audit Approach <br />Our approach to the audit engagement integrates traditional auditing techniques with a total systems concept. We <br />will consider the methods used by the City to process accounting information when planning our audit, since they <br />influence the design of the internal control. The audit will be conducted in the three phases which are shown on the <br />adjacent Chart. <br /> <br />STRATEGIC <br />PLANNING <br /> <br /> <br />OBTAIN <br />KNOWLEDGE OF <br />OPERATIONS <br /> <br />REVIEW <br />INTERNAL <br />CONTROLS <br /> <br />IDENTIFY AND <br />RESOLVE <br />POTENTIAL <br />AUDIT PROBLEMS <br /> <br />PREPARE <br />AUDIT <br />PROGRAMS <br /> <br /> <br />EXECUTION OF <br />AUDIT PLAN <br /> <br />PERFORM <br />ANAL YTICAL <br />REVIEW <br /> <br />PERFORM TESTS <br />OF ACCOUNT <br />BALANCES AND <br />TRANSACTIONS <br /> <br />TEST COMPLIANCE <br />WITH LAWS <br />AND GRANTS <br /> <br />REVIEW <br />PRELIMINARY <br />CONCLUSIONS <br />WITH MANAGEMENT <br /> <br /> <br />COMPLETION <br />AND DELIVERY <br /> <br />COMPLETE <br />AUDIT <br />PROCEDURES <br /> <br />DRAFT <br />FINANCIAL <br />STATEMENTS <br /> <br />REVIEW REPORTS <br />WITH <br />MANAGEMENT <br /> <br />PRESENT <br />FINAL <br />REPORT <br /> <br />CITY OF SUNNY ISLES BEACH <br />RFP # 10-06-01 <br />Page 8 <br />