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<br />SECTION II - SPECIFIC AUDIT APPROACH <br /> <br />Compliance Testing <br />. Identify all applicable and material compliance requirements for the major programs <br />. Perform reasonable procedures to ensure that the compliance requirements are current <br />. Make a sample selection following the sample selection techniques under Sample Sizes and Statistical Sampling <br />. Identify all findings and questioned costs related to noncompliance with the provisions of laws, regulations, <br />contracts, or grant agreements related to a major program <br /> <br />Level Of Staff And Budaeted Number Of Hours <br /> <br />PROCEDURES <br /> <br />... <br />CIl <br />c <br />t::: <br />cu <br />Q. <br />... <br />C <br />CIl <br />E <br />CIl <br />Cl <br />cu <br />Cl <br />c <br />w <br /> <br />... <br />CIl <br />Cl <br />C <br />cu <br />~ <br /> <br />III <br />... <br />c <br />S <br />c <br />j <br />o <br />u <br />u <br />< <br /> <br />~ <br />"C <br />j <br />< <br /> <br />... <br />o <br />.2 <br />CIl <br />en <br /> <br />PRELIMINARY PLANNING- 80 <br />Preliminary discussions - entrance meetings T T <br />Obtain understanding of service objectives T T T <br />Meet with predecessor auditor and review prior audit workpapers T T <br />Prepare audit planning memorandum T <br />Identify significant issues, review, evaluate and document internal controls T T T <br />Assess risk T <br />Develop detailed audit programs T <br />PERFORM AUDIT PLAN - 175 <br />Test internal controls T T <br />Test compliance with laws, regulations, contracts, grants and the City's policies T T <br />Substantive test of revenues, expenditures, procurement, payroll, etc. T T <br />Review minutes and other agreements T <br />COMPLETION AND DELlVERY-70 <br />Complete review for subsequent events and obtain management representations T <br />Prepare reports T T <br />Review draft of all reports for subsequent events and obtain management representations T T <br />Issue report on findings and management letter T T <br />Attend meetings with Management and Board, as required T T <br /> <br />Appropriate Planning and Utilization of Staff <br />We understand the significance and necessity of proper planning as it relates to performance of a successful and <br />timely audit. An important aspect of proper planning is our Engagement Partner's advance coordination and specific <br />instruction with the Finance Department, allowing an efficient utilization of staff regarding both preparation of <br />supporting schedules and reconciliations, in addition to essential documenUrecord gathering. <br /> <br />CITY OF SUNNY ISLES BEACH <br />RFP # 10-06-01 <br />Page 14 <br />