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IN Commitment to Quality Service Audit Approach Quality Assurance - (Continued) Our quality control system is monitored on an ongoing basis to provide the firm with reasonable assurance that our quality control policies and procedures are suitably designed and are being applied effectively. As an integral part of the monitoring process , our quality control system is inspected every three years to determine whether the firm has complied with its stated quality control policies and procedures . Harris , Cotherman, Jones , Price & Associates , Certified Public Accountants - Chartered engages in a number of measures to help ensure the quality of our work. As described earlier in this proposal , we participate in external peer reviews . We also have a number of engagement-specific quality control procedures : • Concurring Partner Review. An audit partner, not directly involved with the conduct of the audit, reviews all reports and work performed in selected areas of each engagement before reports are issued. • Work Paper Review. All client work papers are reviewed by an individual at least one level higher than the preparer . • Frequent Partner and Manager Interaction. Our partners and managers are heavily involved in all engagements . This involvement allows the leaders of our firm, who are also leaders in the accounting field, to monitor the quality of all work being undertaken . Internal Control Systems While our overall audit objective is to perform procedures sufficient to enable us to express an opinion on your financial statements , other primary objectives must be met and appropriately satisfied. Initially, our preliminary audit activities are concentrated on obtaining and documenting our understanding of the control environment of your entity (coordinate methods and measures adopted to safeguard your assets , check the accuracy and reliability of its accounting data, promote operational efficiency, and encourage adherence to prescribed managerial policies) . We review the systems in place by which management obtains the information, protection, and control that are vital to the success of any financial operation . We also focus on any required control functions established to ensure compliance with any federal, state, or local laws and regulations that are both required and unique to your financial operation . The next step is to develop a formal plan , or strategy, to meet the overall audit objectives . This usually involves reviewing the prior year audit working papers and discussing specific aspects of the audit with your personnel . Subsequently, we will determine the nature, extent, and timing of the work to be performed and develop a written audit program documenting specific instructions to be utilized by our auditors during the conduct of the audit. After the formal audit plan is developed, we perform tests of the relevant internal control systems to determine compliance with your prescribed policies, procedures, laws , and regulations, as applicable . Our procedures are also specifically designed to incorporate the requirements of the Single Audit Act of 1984 , as amended; OMB Circular A- 133 ; Florida Single Audit Act; and the Rules of the Auditor General , as applicable . 34