Laserfiche WebLink
•What did we do? <br />We gained an understanding of internal controls in place and their <br />effectiveness in order to design our audit procedures for expressing an <br />opinion on the financial statements. <br />•How did we do it? <br />Obtain narratives of controls on each major class of transaction and <br />account balance. <br />Perform walkthroughs and other tests to determine adherence to <br />controls in place and effectiveness. <br />•What is the result? <br />No internal control findings <br />11 <br />•Required Communications: <br />One new accounting standard adopted by the city. Developer deposits <br />are now accounted for in the General Fund. <br />Net pension liability is an estimate. <br />No difficulties encountered during the audit, no disagreements with <br />management. <br />No corrected misstatements identified during the audit. <br />12 <br />32