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Res 2017-087/Audit Services Contract
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Res 2017-087/Audit Services Contract
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Last modified
4/8/2022 12:59:18 PM
Creation date
7/20/2017 2:28:34 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2017-87
Date
6/20/2017
Sticky Note
ID:
1
Text:
This shold be 2017
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1.0.5 The audit team consists of the following members: <br />Lead Partner: Janet Pitman, CPA <br />Concurring Partner: Michael Del Toro, CPA <br />Audit Manager: Jeremy Barbatto, CPA <br />Audit Senior: Scot Woodland <br />Audit Staff. Kyle Layer <br />The Auditor will not replace a member of the audit team with a different member of the Auditor's <br />firm unless approved in writing by the City in advance of such proposed substitution. In the event <br />the City and the Auditor cannot agree to the substitution of a team member, the City may terminate <br />this agreement in accordance with Article 7. <br />1.0.6 Any provision in this Agreement pertaining to the City's review, approval and/or <br />acceptance of written materials prepared by the Auditor and/or its subcontractors in connection <br />with this Agreement will not diminish the Auditor's responsibility for the materials. <br />1.0.7 The Auditor will perform all of its services in coordination with the City and will advise <br />the City of any data and information it needs to perform its services. The Auditor will meet with <br />City representatives at mutually convenient times to assemble this data and information, and the <br />City may require a review meeting with the Auditor's representatives occasionally to evaluate the <br />working relationship between the City and the Auditor. <br />ARTICLE 2 <br />AUDITOR'S SERVICES AND RESPONSIBILITIES <br />2.0 BASIC SERVICES <br />For each fiscal year included in this Agreement, the Auditor will: <br />2.0.1 Prepare an audit plan based on a risk assessment performed and impacted by key <br />processes identified by the Auditor. The Auditor will ensure that the audit plan will cover the 2013 <br />audit, and will be revised in subsequent years during the term of this Agreement based on changes <br />in accounting requirements or changes in City staffing. For each key process included in the audit <br />plan, the Auditor will perform the following work: <br />a) Understand the accounting process in depth, and place significant process controls in <br />place to mitigate risk; <br />b) Test significant control points to determine if controls are operating as designed; <br />c) Compare processes and controls to "best practices" to determine effectiveness; <br />d) Report to the City on the effectiveness of the audit processes; and <br />.Auditing Services Agreement 2017 <br />2 <br />
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