4/23/1980 - Laserfiche WebLink

Home Browse Search

W APR 2 31990 - 43 Pae 264 2 Miss Alma Lee Loy Auditor Selection Committee Indian River County April 14, 1980 Our examination shall be performed in accordance with generally accepted auditing standards and, accordingly, shall include such tests of the accounting records, compliance with statutory requirements, and such other auditing procedures as we consider necessary in the circumstances. At tl'e completion of our examination we will express our opinion on the financial position of the consolidated and individual financial state- ments of the various funds and account groups as of September 30, 1979, the results of operations of such funds and account groups and changes in financial position of enterprise, and non expendable fiduciary fund types for the year then ended. Our examination shall also include a review and evaluation of the County's accounting procedures and system of internal accounting controls to the extent we consider necessary to provide a basis for reliance thereon in determinino, the nature, timing, and extent of auditing procedures to be performed. Primary reliance for the prevention and detection of errors or irregularities must be placed on such system of internal accounting control because it is in constant operation and covers all periods and transactions. Such a system cannot, however., eliminate the possibility that errors or irregularities may occur; but we shall inform you of any such matters detected. At the conclusion of our examination we shall render a memoranda setting forth our comments and recommendations for improvements in ac- counting procedures and internal accounting controls, and compliance with applicable Florida Statutes. Our memoranda shall be submitted in sufficient time to allow written response to our comments which would be incorporated in our final_report. We understand the final report on the 1979 financial statements is'due on or before September 15, 1980. The examination of the financial statements of the Property Appraiser will be a separate absolutely independent audit to be supervised and conducted entirely by a staff from our Orlando office. We prefer this procedure to bringing in another firm to handle this portion of the work, however if this suggestion is not acceptable to the Board, we have arranged for the firm of Edwards, Berger, Harris and Company, Certified Public Accountants, Vero Beach, Florida, to handle this portion of the examination. If the outside firm is used for this portion of the work, we would give them all the necessary professional assistance from our Orlando office to assure full compliance for the County audit. We have visited the county offices, have reviewed the records briefly, and have discussed the work involved with their personnel. Based on our review, we anticipate that the audit work for the fiscal year 1.978- 1979 will require approximately 2,260 man hours. Based on our analysis of the professional staff required to do this work, our fee at our regular