Laserfiche WebLink
C. Auditor's responsibilities �- <br />a We are responsible for conducting the audit in accordance with generally accepted "— <br />auditing standards. <br />� The audit includes obtaining an understanding of internal control sufficient to plan the <br />audit and to determine the nature, timing, and extent of audit procedures to be performed. <br />D. Limitations on the engagement <br />� Standards require that the auditor obtain reasonable rather �han abaolute assurance about <br />whether the financial statements are free of material misstatement, whether caused by <br />error or fraud. Accordingly, a material misstatement may remain undetected. Also, an <br />audit is not designed to detect error or fraud that is immaterial to the fmancial statements. <br />a If, for any reason, the auditor is unable to complete the audit or is unable to �'aznn or has <br />n€�� formed an opinion, he or she may decline to express an opinion or decline to issue a <br />reportas a result of the engagement. <br />� ��,, audit is not designed to provide assurance on internal control or to identify reportable <br />conditions. l-fowever, the auditor is responsible for ensuring that the audit committee is <br />aware of any rcportablc conditions that come to our attention. <br />2. EngagementL�tCer <br />Refer to previously signed copy of engagement letter <br />3. Quality review report <br />Transmittal of the auditor's most recent quality control review report is required when performing <br />a fmancial ��ir�il under the Governmental Auditing Standards. <br />4. Fees Fcr services <br />Refer to request for proposal <br />5. Timing <br />A. �n�erim. wark <br />�, Detailed audit plan <br />Wc ha�e provided the City with a list of all schedules and confirmations to be prepared. <br />C. Field work <br />We will complete fieldworkprior to April G'�', 2007 <br />1�, Exitco��ferunae <br />An exit conference will be held with the Finance Deparimentto summarize the results of <br />the fieldwork and review significantfindings by May ��'. 2007 <br />E. Draft�'^�•�g <br />'4�! c. shall have dra� reports available for review by the city council by May 1 I°', 2007. <br />�� Report presentation <br />A presentation at a City Council meetingwill be made on May 21st, 2007 <br />