CCP 10-30-2006 (2) - Laserfiche WebLink

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. Every working papt:[ must he reviewed and approved by a manager or in-charge accountant. . . The working papers for all significant audit areas must be reviewed by the audit principal. . An independent review or all draft. reports and specified sUPP0l1ing documentation must be made by a principal or manager not otherwise associated with the engagemcnt. For governmcntal jobs, this review is performed using the most CUITent (iFOA Review Checklist ror thc e'erti licate of Achievt::[Jlcnt Program. . Specializt::d audit programs art:: used ror specific industries, including governments. Such programs arc updated annually to rclkd changes in audit and account ing standards. II, No Regulatm'y or l)jsciplinar~. Action l\HvlK R has not had any llxkTal or statt:: desk reviews or tidd rcviews of its audits for the past three years_ In addition. no disciplinary action has been taken or is pending against ]'vlMKR during the past thrL~e years with Minnesota sl;lte regulatory bodit::s or professional organizations. No regulatory action has hcen taken against any 1\1MKR statTperson. I. P{'er R{'vi{'\\ l\lMKR has succt::ssflllly completed all required peer reviews. Set:: Appendix B Illr a copy or the report on our [at est review. which included a review or specilie government engagements. . IV. PRINCJJ>AL, SllPEI{\'ISOR\" ANn STAFF QUALIFICATIONS ANn EXPERIENCE A. Assignment Polky ivlj\..lKR maintains a significant fuiiy staffed "ovcrnllIcntai auditing and accounting to> department. Professional slaff of this dcpm1ment has extensive experit::nct:: in governmental (fund) accounting. and particularly in city auditing and special services. The reason is that the ri 1111 IS involved III cxtt::nsivt:: governmental work (cities, SclHHlls, state agencies., cons0J1iums. kdt::ral grants, special management services, etc.). Most importantly to you, of course, is our cxpi:rience with cities. Wt:: annually serve IY cities of varying size. Accordingly, our protessional stalT, including new stalf works on a number of cities every year, thus aCi:llmulating a signilieant amount or cx.perienct:: in a few years in a very complex fidd. You, as a client, get the henclit of that acquired eXpt::rit::nce and knowkdge. Governmental services reprcsenkd approximately)) percent of total hillings for 2004. Because or the size of our govi:rnmcntal praclict::, \ve have devdopcd a largi: pool of experit::nccd pt::rsonnd and. thercrOft::, are able to provide qualifid staff tl)r nt::w jobs without net::ding (0 hire additional industry specialists. The lirm"s policy for city assignments n:quircs a principal, a managt::r, an in-charge accountant. and additional stafr accountants of varying qualifications as decmcd necessary in the circumstances. . -)-