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CITY OF REDWOOD CITY <br />Specific Audit Approach <br />Audit Schedule (continued) <br />April /May - Internal Control Structure (continued) <br />Perform statistical testing of the internal control <br />system and evaluate the effectiveness of the City's <br />systems. Select large dollar and random samples <br />of transactions in key operating systems. Sample <br />size to meet required level for determined degree <br />of risk. Review supporting documentation of <br />selected transactions, evaluate adequacy of support <br />and approvals, and conclude on degree of <br />adherence to accuracy and compliance with City <br />policies. <br />Provide to the City's management a memo <br />concerning management letter points and identify <br />issues, if any. <br />April /May - Single Audit Compliance <br />Obtain or prepare Federal Financial Assistance <br />Schedule. <br />Perform audit tests of grant programs and <br />compliance with Federal Law and Regulations. <br />Review grant documents, select sufficient number <br />of transactions to test for compliance of Federal <br />General and Specific Requirements. <br />April /May - Other Audit Tasks <br />Review minutes of City Council meetings and other <br />key committees. <br />Coordinate with City staff and prepare of all <br />appropriate confirmation requests including: <br />- Bank Accounts. <br />- Investment pool accounts. <br />- Accounts receivable. <br />- Federal grants. <br />- Revenue from <br />6.1 D -7 <br />Partner <br />Manager <br />Senior <br />Staff <br />Partner <br />Manager <br />Senior <br />Staff <br />10 <br />10 <br />10 <br />10 <br />10 <br />20 <br />24 <br />