08/22/2017 - Laserfiche WebLink

Home Browse Search

OF INDEPENDENCESTATEMENT CLA hereby certifies that it is independent with respect to the City of Lauderdale, Minnesota, as defined by Government Auditing Standards and U.S. generally accepted auditing standards. In addition, there are no obligations or interests that might conflict with the best interests of the City, or any of its component units (if applicable). CLA is not aware of any professional relationships with the City that would result in a conflict of interest, currently or in the past 5 years. In addition CLA will notify the City of any additional professional relationships entered into during the period coving this proposal. CLA has detailed procedures in our Audit & Accounting Manual to foster compliance with independence requirements and to avoid other conflicts of interest. Our policies are extensive and designed to meet the requirements of the AICPA, the U.S. Securities and Exchange Commission (SEC), the PCAOB, state licensing agencies and GovernmentAuditiflg Standards. Some of the key elements of our policies include: • lndependence training for all professionals. • Annual written representations of independence from all personnel who perform client services. • Extensive client and engagement acceptance and continuance policies. • Separate sections in our manual specific to independence over Government Auditing Standards engagements. • Requirements for confirming independence of outside accounting firms and independent contractors • Maintenance of a firm -wide client list and a restricted entities list.