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Commitment to Quality Service <br /> Audit Approach <br /> Statistical Sampling - (Continued) <br /> Certain compliance matters , such as bond debt coverage requirements, are not subject to representative <br /> sampling procedures . In such instances , we will recalculate compliance requirements or perform other <br /> applicable procedures . <br /> Analytical Procedures <br /> In addition to testing supporting documents and details of the accounting records, we will perform an <br /> overall evaluation of account balances and their interrelationship with each other. We design this <br /> analytical review to identify unexpected fluctuations in accounts , the absence of expected fluctuations, <br /> and other items that appear unusual in light of expected results, past performances , normal relationships, <br /> and other factors . This provides a business operation approach to auditing. Specifically, we perform <br /> analytical procedures : <br /> • To assist in planning the nature, timing, and extent of our auditing procedures . <br /> • As a substantive test to obtain evidential matter about particular assertions . <br /> • As an overall review of financial statements in the final review stage of the audit. <br /> Our analytical procedures , which include comparisons of recorded amounts or ratios to expectations, <br /> involve developing expectations based on plausible relationships (industry data, budget, prior year <br /> amounts recorded, etc . ) . These procedures are included in the planning, substantive testing, and report <br /> review phases of our audit. <br /> EDP Systems and Software <br /> As part of our audit, we routinely perform analysis of our clients ' computer based financial management <br /> systems . To the extent possible , it is our policy to design our auditing procedures to maximize the <br /> application of computer assisted auditing procedures for compliance and substantive testing with your <br /> system. We also utilize the capabilities of our own computer system to assist us in achieving efficiency in <br /> examining your financial accounting and reporting systems . Our auditors utilize several EDP software <br /> systems in conjunction with performing audits . All software systems utilized are used exclusively on our <br /> own computer hardware brought on-site during the audit. We do not, and will not, install or use any of <br /> our proprietary software systems on client hardware systems . <br /> Our audit of Indian River County will feature the use of wireless technology and Engagement Manager <br /> software . With Engagement Manager, our documentation is virtually paperless, with procedures <br /> documented in an automated environment and files shared through wireless technology among <br /> engagement team members . This software capability is state-of-the-art. In addition, our software <br /> capabilities include IDEA software for analytical review and statistical sample selections . <br /> In automating our approach to the County audit, we have been careful not to duplicate County software <br /> capabilities . We have taken a long-term view toward the County audit, investing considerable time and <br /> effort to automate in order to enhance long-term efficiency . We believe that these perspectives have <br /> enhanced both the quality and efficiency of County audits . <br /> 36 <br />