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r. <br />Overall Approach <br />FIELDWORK <br />Specific procedures are tailored according to the risk assessment, using information gathered during the Planning <br />Phase. We follow a collaborative review process. As audit work is performed, the Engagement Manager and <br />Partner are performing their review regularly, so that any comments can be discussed with the engagement <br />team during fieldwork. Each member on the engagement team takes ownership and responsibility for the entire <br />engagement. We have found this provides for a better quality output from the start; no additional clean-up following <br />completion of fieldwork is needed to make our audit documentation meet required standards. When we leave <br />the field, our goal is to have no or a minimal number of open items and a draft of the financial statements. Items <br />completed during fieldwork include: <br />Perform substantive testing of account balances <br />Perform analytical procedures <br />Draft the audit report and management letters <br />In addition to an exit conference with management, we encourage your governing/board <br />members to meet with us prior to our formal presentation so we can go over all aspects <br />of the audit report (including our findings and recommendations). We have found these <br />meetings to be extremely beneficial in ensuring all of your questions and concerns are <br />addressed, as well as to foster meaningful communication between you and us. <br />X//XXXX/iXXXXXXX/ .... ......... _.11 <br />A PROPOS11 AL TO INDIAN RIVER COUNTY 28 <br />