Keefe, McCullough & Co. - Laserfiche WebLink

Home Browse Search

DETAILED PROPOSAL 7. Similar Engagements with other Governmental Entities. (continued) Ms. Nicki Satterfield, Assistant Financial Director City of Dania Beach Phone: 954-924-3672 Scope of work: Annual financial and comRliance audits of the City Assistance in helping the City obtain the Certificate of Achievement for Excellence in Financial Reporting issued by fhe Government Finance Officers Association Date of work: 2008 through present Engagement partner(s): Cynthia L. Calvert, C,P.A. Total flours: 600 Our firm also presently serves as independent auditors for over 200 other governmental entities (not-for- profit organizations, community development districts, schools and other entities). Due to the fact that our firm presently represents numerous local South Florida municipalities and many governmental special taxing districts, we have substantial experience to provide other consulting services to the City. We also have experience in franchise fee auditing, audit work in connection with bond underwriting and other internal consulting projects which the City may require. 8. Specific Audit Approach. We have provided below a preliminary engagement work plan to perform the financial and compliance audits which involve the government-wide financial statements, the various funds, and the capital assets and long-term debt of the City. In performing the financial and compliance audits for the City and its separately issued component units we will follow very detailed and comprehensive audit programs. Further, it is our policy to utilize the talents of our client's personnel wherever and whenever it is feasible to do so in the course of any engagement in order to most efficiently and economically perform the engagement. The following is a summary of the audit work plan: SeQment 7: Preliminary and Risk Assessment Work The first segment will be performed by two professional staff members and will encompass approximately 100 hours, Obtain an understanding of the accounting and management systems including documentation of the system of internal control through conferences with the various key finance department personnel and standardized checklists. Obtain information needed to identify risk assessment by making certain inquiries and considering fraud risk factors and other information. Obtain an understanding of the various funds, capital assets and long-term debt utilized. Review the grants, contracts and various revenue sources and complete "Single Audit" checklist for determination of compliance audit and reporting requirements for both Federal and State single audit purposes, Review of bond indenture covenants and pertinent ordinances for determination and completion of compliance audit requirements, Assess control risk and determine extent of testing. Review and perform certain transaction and procedural tests which will include the examination of source documents. These tests of the system will include tests of cash receipts and disbursements, sales and utility billing, compliance, and payroll. Audit samples will be determined based on transaction size and number of total transactions. Perform preliminary analytical review procedures,