Laserfiche WebLink
<br />r <br /> <br />6./.6'-/8 <br /> <br />CITY OF REDWOOD CITY <br /> <br />Specific Audit Approach <br /> <br />Audit Schedule <br /> <br />r~~~---~-~'~~~ . <br /> <br />March <br /> <br />A ward of Contract <br /> <br />April/May <br /> <br />Interim Audit Procedures: <br /> <br />A prill May <br /> <br />- Planning and Administration <br /> <br />Partner <br />Manager <br /> <br />10 <br />5 <br /> <br />. Review and obtain copies of key work papers of <br />prior audit firm. <br />. Entrance Conference with City Management to <br />discuss audit approach, timing, assistance, and <br />issues. <br />. Review and evaluate the City's accounting and <br />financial reporting. Prepare an overall memo of <br />recommendations, potential issues, and <br />suggestions for improvements. <br />. Prepare overall memo to City confimùng audit <br />procedures, timing, and assistance. <br />. Prepare detailed audit work plan and audit' <br />programs, audit budget and staffing schedule, list <br />of schedules to be prepared by City staff, and <br />provide to City Management. <br /> <br />April/May <br /> <br />- Internal Control Structure <br /> <br />. Meeting with key Finance Division personnel. <br />. Obtain and document understanding of key internal <br />control systems through walk-throughs, interviews <br />of staff, and review of supporting documentation: <br />- Budgeting System. . <br />- Revenue, utility billing, accounts receivable, and <br />cash collections. <br />- Purchasing, expenditures, accounts payable, and <br />cash disbursements. <br />- Payroll. <br />- Federal Financial Assistance. <br />- Other 5 stems. <br /> <br />Partner <br />Manager <br />Senior <br />Staff <br /> <br />20 <br />10 <br />60 <br />160 <br />