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� 6.1.A. - Page 26 y of Redwood City Proposal In addition, Theresa Matonak and Andy Kim, two of the IT Specialists for the Firm, will assist the Engagement Team in reviewing the IT operations of the City. Each member of the Engagement Team participates in continuing education programs offered by the AICPA and California State Society of Certified Public Accountants, and each has met the continuing education requirements for municipalities. a'l The Firm maintains a comprehensive training program targeted at appropriate professional staff levels. It utilizes in -house developed educational programs, AICPA and California CPA Foundation educational programs, and on -the -job training, The Firm's annual training schedule which officially begins in April for all professional staff and administrative staff includes comprehensive in -house training sessions on such topics as: • Review of principles of accounting and financial reporting for state and local governments. • Review of governmental fund types and account groups. • Review of newly issued generally accepted auditing standards and GAO Y auditing standards. x • Review of Internal Control evaluation approaches including COSO principles. • Updates on recent governmental accounting and reporting guidelines. • Review of Single Audit requirements and approaches. Y • Review of financial audit approaches. • Overview of audit and internal control work paper techniques. • Review of GASB 34 reporting requirements. • Review of current issues facing the governmental community. During the year, professional staff members are sent to various educational sessions sponsored by the A1CPA and California State Society of CPAs, as considered appropriate for the level and need of the individual. These classes include, among others: • Governmental Financial Reporting Standards and Practices. • Yellow Book: Government Auditing Standards. • Financial Accounting Standards: Comprehensive Review. • Single Audit. • Governmental Auditing & Accounting Update. • Governmental Accounting Principles. • Comprehensive Review of Generally Accepted Auditing Standards The result of the Firm's training program is the production of a highly educated and competent municipal audit group capable of performing an efficient and effective audit for the City. H The Team members will continue their professional development efforts. F- +.r > Caporicci & Larson, CPAs 8