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mmittee. A <br />bodie� ih <br />able in p <br />ties, etc. W <br />r financia <br />correct rep <br />ast served <br />e utilize a <br />individua <br />o accamm <br />tatutes, � <br />ensive {ov <br />rovisions. 0 <br />eet) categ <br />xperience. <br />s is substa <br />e and effic <br />ncIardized <br />that impro <br />d audit pr <br />t may aris <br />nancial st <br />gov�rnm <br />ihe P��P <br />we �se. aucl� <br />ffectivenes <br />, N�rr�al <br />ocuments <br />man� cases <br />ample, we <br />spect the <br />and cier <br />type c�f tes <br />Lance «��Eo <br />Satl L& .�.� r <br />LUT�iJ.7 i$�� AC..'BUNTi1N75 � ' . -. . . . � . . . . ' . <br />the Rule 69 Siib-co gain, flur direet partner involvement in audits has <br />_ brought iss�aes to these at.otherwise would not have been diseussed. We are <br />extremely knt�wledge erforming financial audits of cities, redevelopment , <br />agencies, Joint auti�ori e Tnaintain close contact wifh ihe State Cc�ntr�ller's <br />' flffice and copies c�f nu l stat�ments 3�av� been used by:the State Controller's <br />c� <br />Office as exampies af c�rting for California Reclev�lopment Ag�ncies; Our <br />manabers have in t�e p as ieviewer �f the GFOA Certificate of Performai�ce <br />`Program. : <br />c. Work Plan <br />a <br />1. Audit Pragrari� -'W s�tandardized gt�v�rnmental audit prc�gram wiiich �ve <br />then tailored to the 1 City and �edevelopment Agency operations. The <br />_tailoring is necessary t adaie. specific client circumstanc�s and to recognize <br />' differenc�s in local s rdinances, and similar unique charactenstics. Th�se <br />programs are very �xt er SO pages for a City) and they cov�r financial.as well <br />as Iegal complianc� p ur audit pr�grams are organized using ihe financial <br />sxa�ement (�alance sh ory appro�ch. This approach takes full a�ivan�ag� of <br />our accumulated e The primary benefit is that the risk c�f omittii�g <br />impartant �rocedure ntially reduced. We believe that ti�is approach tends <br />to be the most effectiv i�nt for t�e iypical s�n�l to medium local govern�nent <br />engagem�nt. In a sta pr�gram, the auciit procedures are listed i� the mc�st <br />lt�gical sequence, anci ves efficiency. 'ihe savings in �,ffort and time gained <br />by using a standardize ogram can free an auditor's attention for unusual or <br />di�cult situatiflr�s tha e. 'I'he au�iit pragrams are designect to increase audit <br />efficiency by linking fi atement ass�rtions, audit objectives, and proc�dnres <br />that are basic to �nost ental audi� .engagements. <br />2. Audit Sampling -�t�r os� of.tests of controis and t�sts of compliances with <br />ia�vs and regulatiQns; 't sampling. T�sts fln controls are prc�cedures directed <br />towards eiiher th� e s of the design or operation of an interr�al structure <br />poiicy or �r�cedures iy, audit sampling is used for tests of cantr�l� that <br />invalve in5pection flf d and reports indicating performance of t�e poli� c�r <br />procedures and, in , reperformance of the applicati�n �f the policy or <br />procedures. �or ex seie�t a samp�l'e of canceled check.s �nd the related i <br />voucher packages, in voucher for the initials� of the cl�rk that checked <br />agreement of d�tails icai accuracy, and we reperform the checi�ng and <br />computations. This ts of contrflis are concern�d tivith ht�w the policy or <br />20 <br />I . <br />, I : : :_ _ <br />,. <br />� � r , - -- _ . ,__r � . <br />