08.04 - Audit Proposals - Laserfiche WebLink

Home Browse Search

• We monitor the governmental industry and provide our clients timely information on legislative matters, summaries of regulatory rulings and updates on required GASB implementations which will affect your financial statements. To assist our governmental clients in preparing for GASB Statement No.34,we developed three stages that provided them guidance with all aspects of the implementation. We also assisted a number of governmental units in early implementation of this Statement. We will continue to use this approach for future standard changes, including GASB Statements No.43 and No.45 relating to Other Post Employment Benefits. Our commitment to the government industry provides our clients with security in knowing they will be informed and prepared for financial statement changes. • We prepare management letters that address operational as well as internal control matters. These letters contain summaries of our findings and our recommendations. Our professionals have the experience and training required to identify and analyze operational problems. As a result,the City of Pequot Lakes will receive findings and recommendations that go far beyond normal internal control matters. Our firm has been providing auditing and consulting services to cities since the 1960's; and we presently work with 61 cities. The following is a summary of the number and types of governmental entities to which we are providing service: 61 - Cities 25 - Fire Relief Associations 15 - Housing and Redevelopment Authorities 16- Special taxing districts, such as Metropolitan Transit Commissions, Area Planning Organizations,Regional Library Systems,etc. 59- School Districts and Education Districts 3 - Charter Schools The majority of our governmental clients are,or have been required to have an audit performed in accordance with Government Auditing Standards and the Office of Management and Budget's OMB Circular A-133. In addition,we also audit numerous nonprofit entities,which receive a significant amount of federal money and are required to have an audit under the requirements of the Single Audit Act of 1996. We also provide other value added services for our governmental clients including: • Assisting with budgeting • Developing new budgeting processes • Assisting in setting up and changing accounting systems, including computer installations and conversions • Assisting with negotiations with employee bargaining units • Helping cities conform to the requirements of the Government Finance Officers Association to receive their Certificate of Achievement for Excellence in Financial Reporting • Working with cities to assist with improving their bond ratings • Providing consultation on a wide variety of issues, including tax increment districts and economic development authorities DProposal to Provide Audit Services for the City of Pequot Lakes,Minnesota KERN•DEWENTER-VIERE