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I I I I I I I I I I I I I I I I I I I SECTION VI.S - REQUIREMENTS OF THE TECHNICAL PROPOSAL (Continued) 8. SPECIFIC AUDIT APPROACH (Co/llilllledj LEVEL OF STAFF AND NUMBER OF HOURS (continued) Performing Audit Plan Segment: The Partners will complete approximately 10% of this segment The Managers will complete approximately 45% of this segment The Supervisor/Senior Accountant will complete approximately 20% of this segment Completion/Delivery: Segment: The Partners will complete approximately 40% of this segment The Managers will complete approximately 30% of this segment The Supervisor/Senior Accountant will complete approximately 30% of this segment SAMPLE SIZES AND STATISTICAL SAMPLING Our professionals will utilize sampling methodologies designed to ensure effective audit procedures are applied in the most efficient manner. Samplinq Techniques We will utilize representative audit sampling procedures with respect to tests of transactions and tests of controls, where a sample of documentation is to be tested as the principal evidence of a control. During tests of controls, the tests will generally consist of a combination of corroborative inquiry and either observation, examination of documents or re-performance. We will use attribute sampling to test documentary evidence as documentation will be the prime corroborative evidence of identified controls. Statistical and Non-statistical Samplinq Tests of transactions and tests of controls can be performed using either statistically or non- statistically based techniques. Statistical approaches will be based on our calculation of risk factors. If a non-statistical approach is deemed appropriate, we will design our procedures to obtain levels of assurance that we judge to be equivalent to those required when using statistically based techniques. Sample Sizes For tests of controls, sample size will be based on the planned or supported assessed level of control risk and the number of planned or actual deviations expected. For transactions test work, sample size will be a function of population, materiality, and risk factors. USE OF EDP SOFTWARE IN THE PROJECT We are actively committed to using computer-based audit techniques. Our knowledge of information systems (IS) and the use of personal computers yield significant savings in the time required to complete an audit. Today's marketplace provides firms, large and small, national and local, with sophisticated computer-aided audit tools necessary to perform data analysis and report generation. Software products, such as Audit Command Language (ACL) for Windows, are used to analyze data and produce reports. J~~.~~ 33