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08/22/2017
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08/22/2017
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8/22/2017 4:58:17 PM
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8/18/2017 2:58:40 PM
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City Council
Document Type
Council Agenda/Packets
Meeting Date
8/22/2017
Meeting Type
Regular
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PARTNER AND STAFF QUALIFICATIONS AND EXPERIENCE <br />The Firm is a member of the American Institute of Certified Public Accountants Division of Firms and has received an unmodified <br />opinion on its Peer Review, a copy of which is attached to this proposal in Appendix B. Our Peer Review, which included governmental <br />audits, was completed in 2014 and resulted in a pass rating. <br />The Firm has not had any federal or state desk reviews or field reviews of its audits in the last three years. We have had no disciplinary <br />action taken or pending against the Firm during the past three years with state regulatory bodies or professional organizations. <br />The Firm is committed to a continuing professional education program, which emphasizes the areas of expertise of each member of our <br />professional staff. The Firm is required to comply with Government Auditing Standards for each professional practicing in the area of <br />governmental accounting and auditing. We are committed to follow those standards, which result in quality audit services, including <br />continuing education for all staff of forty hours each year. As required by Government Auditing Standards, all governmental audit staff <br />receives the required continuing education in the area of governmental auditing and accounting. These policies are monitored <br />internally, reviewed annually and certified periodically by independent Peer Review. <br />We maintain library facilities which include current professional literature and specific information for the industries that we serve. The <br />Firm library is also reviewed as part of the external quality review program. The Firm has in-house training programs specific to our <br />governmental clients. We also perform auditing and accounting updates for our clients that are organized by our staff. These practices <br />ensure the quality of our staff over the term of engagement. <br />Our staff participates in activities relating to government accounting and reporting issues through our membership and involvement with <br />the following organizations: <br />• Minnesota Society of CPA's Governmental Accounting and Auditing Committee <br />• Minnesota Government Finance Officers Association <br />• Minnesota Association of Small Cities <br />• Minnesota Municipal Clerks and Finance Officers Association <br />• Government Finance Officers Association (GFOA) <br />• Government Accounting Standards Board (GASB) <br />• League of Minnesota Cities <br />• Minnesota Association of School Business Officials (MASBO) <br />Through our participation in these organizations, and continuing education provided by them, the Firm continues to stay abreast of all <br />current governmental accounting and reporting issues. <br />We recognize that our most important product is prompt and effective service. We believe the City should work with its CPA firm <br />throughout the entire year. We are available at any time throughout the year to provide any assistance you may need. <br />Listed on the following pages are the partners and manager assigned to your audit. In addition there will be 2 other auditors assigned to <br />the audit. As mentioned previously, our staff members have considerable governmental audit experience. This gives us a pool to draw <br />on in addition to the group listed. <br />We believe Abdo, Eick & Meyers, LLP is an excellent choice as your City's auditors. <br />-8- <br />
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