CCP 10-30-2006 - Laserfiche WebLink

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. Every working papcr must be reviewed and approved by a manager or in-charge accountant. . . The working papers for all significant audit areas must be reviewed by the audit principa '- . An independent review of all drali rep0l1s and specified supP0I1ing documentation must be made by a principal or manager not otherwise associated \vith the engagement. For govemmental jobs, this review is perl()[Ined using the l1Iost current GFOA Review Checklist for the Cel1ificate of Achievement Program. . Specialized audit programs <lre used for specific industries. including governments. Such programs arc updated annually to relled chan~es in audit <lnd accounting standards. 1-1. No Regulator'y or Disciplinary Action MMK R has not had any kderal or state desk reviews or field reviews of its audits for the past three years. In addition, 110 disciplinary action has been takcn or is pending against lVIMKR during the past three ycars with Minnesota state regulatory bodies or professional organizations. No regul<ltory action has been taken against any I\.IMKR stalTperson. J. I)ecr Rc\iew MMKR has successfi.t1ly completed all required peer reviews. See Appendix B for a copy of the fl:port on our latest review. which inclu{kd a review of speci lic government engagements. . IV. I)IUNCIPAL, SlJPERVISORY, AND STAI'-F QlJALlFICATlONS AND EXPERIENCE A. Assignment Policy MMKR maintains a si!:,'llificant tuiiy sta fi~d goveflllllent a i auditing and accounting department. Professional staif of this department has extensive experience in governmental (fund) accounting, and pal1icularIy in city auditing and special services. The reason is that the linn IS involved in extensive governmental work (cities. schools, state agencies, consm1iullls, federal grants, special management services, etc.). Most importantly to you. of course. is our experience with cities. We annually serve 19 cities of varying size. Accordingly, our professional staff, including new stafe works on a number of cities every year, thus accumulating a significant amount of experience in a few years in a very complex field. You, as a client, get the bendit of that acquired experience and knowledge, Govemmental services represented approximately 55 percent of total billings for 2004. Because of the size of our govemmental practice, we have developed a large pool of experienced personnel and, therefore, are ahle to provide qualiticd stall for new jobs without needing to hire additional industry specialists. The finn's policy I()r city assignments requires a principal. a managcr, an in-charge accountant, and additional stafr accountants of varying qualifications as deemed necessary in the circumstances. . -5-