1997 AGN APR 01 I08 - Laserfiche WebLink

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. . . . . . . _.... .. ...... . ..... . . ... .. . I I. I.... . . ,,.� � I . Lance �n,� Soii & ��,8� Lunghard \ Ac,�HTa,� AI�DI'TiONAL I1�1I'ORl�l�i'I+DN a. Disciplinary Actions, Regiaiatc�ry Agency a�ci Peer Review � - � 'Ti�ere has been no disciplinary actions against our organization since its incep�ion: We have never had any lav�suits filed against us for work done in connections with �nr . audits of governinental entities= - _ - . We are members: of the �n�rican �stitut� of �ertified Public A�countant's Private . Companies Practiee Secti�n which has the requireinent for peer review along with , Generaliy Accepted Government Auditing Standards, - We have participated in the peer review program since its inception ancl have undergone fh�ee peer reviews sinc�: The first revieu� avas conducted by Artnur You�g & Ct�mpany {naw �rnest & Young, a National �'ublic 1�ccflunting �'irm), and the l�st two by Harabedian, Hall &�o�npa.ny. ; (�verall, they confirme�l what we already knew that, o�r aPProach and prcicedures are in co�nplia�ce with technical and grof�ssional pronou�cements. AA,�1 af thes� peer r�vi�ws covereci governm�ntal engagemen#s. flur mast reeen# peer r�view, condi�ct�d by Harabedian� �Iall & Company is inclu�ed in App�ndix �3 to t�iis proposal. W� did not have any Federai or Siate field revie�vs during the past three years. Ail of our Single �udit reports are clesk reviewed either by the �ederal cognizant ager�cy or the S#ate Controller's t?ffice acting as the flversight Agency. �e did not have any rept�rts that �vere rejecte�i by any of th�se agencies, In contrast; we were regarded and rect�gnized by the staff in ti�e State Cantroller's C)ffice �s a firm whc� always submits:tQp q�ality reports. 'We do not have any record t�f substandard audit work. b. �'r+��'essio�a�l A�fivities We are members of the authoritative b�dies for gov�rnmentaI accflu�ting and aud�tin� vvithi�i �i�e State of Califarnia. Ali of nur partners and managers are members of the American Institute of �Certifi�d Public r�ccountants and California Society of Certifi�d - Public Accountants. Addi�ianally, the firm i� ai� Asso�ia#e 1�Iember of the Gt�vemment Finance (Jfficers Associa�ian and the Caiifarnia Society c�f Muni�ipal Finan�� f£icers. : ' A partner is a member of the Governmental Accounting and Auditing Commit�ee of the Califc�rniaSc�ciety �f CPAs and h� chairs its Redeveiopmei�t Subcommitte�. Under his directian, this cammitiee recently drafted the standard compliance opinion utiiized b Cal'f '"' R d 1 y 1 orn�a e eve opment Agencies. Our firm is also �nvolved 1n ti�e:State �3oard of Aceountancy with one ' partner having been the Vic�-Chairman of t�e Pflsitive Enforcernent �ommittee {�arnmittee t�at reviews for substandard wor� of CPAs} and _ _ 19 _ : I _, , . �. ,: � :_ _� ,, -- � _ � -, __, _ , � � - -_