08.04 - Audit Proposals - Laserfiche WebLink

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• Developing financial reporting systems for departments and governing bodies Our firm also performs numerous peer reviews of other accounting firms to determine their compliance with auditing standards generally accepted in the United States of America,Government Auditing Standards,and reporting in accordance with accounting principles generally accepted in the United States of America. Several partners and staff in our firm are members of the following organizations: • Minnesota Government Finance Officers Association • Special Review Committee of the National Government Finance Officers Association • The Governmental Accounting and Auditing Task Forces of the Minnesota Society of CPAs In addition,we have subscriptions to all of the above organizations that publish information affecting cities concerning financial reporting and compliance issues. We recognize when we audit a governmental entity,we are required to be familiar with certain rules, regulations and requirements and also, as a firm we are required to meet certain requirements. In that regard,we make the following affirmations: • Our firm meets the independence requirements relating to the City of Pequot Lakes and its component units as defined by auditing standards generally accepted in the United States of America and the U.S. General Accounting Office's Government Auditing Standards. • Our firm and all assigned key professional staff are properly licensed to practice in the State of Minnesota. ■ Our firm has never had a report rejected or classified as substandard by any state or federal agency or by the Government Finance Officers Association. On an annual basis,we receive results of desk reviews for our governmental and nonprofit clients performed by state and federal regulatory agencies. We have never had any of these reviews classified as substandard or had requests to change our audit reports. Over the past twenty years,we have performed well over 1,000 audits that were required to meet the requirements of the Single Audit Act of 1984 and 1996 and OMB Circular A-128 and A-133. • We have not had any litigation or disciplinary action taken,and do not have any pending against our firm with state regulatory bodies or professional organizations. • We accept the professional obligation concerning the American Institute of Certified Public Accountants Interpretation 501-3 "Failure to Follow Standards and/or Procedures or Other Requirements in Governmental Audits". • Our professional personnel have received adequate continuing education to be in compliance with Government Auditing Standards. • Our firm is an equal opportunity employer and does not discriminate in employment of persons upon the basis of race,color,creed,national origin,sex,age or physical handicap, and have an affirmative action plan in place. Cities and other governmental organizations we serve have been strong supporters of our firm because of the quality work we have performed. In this regard,I submit a list of our current city audit and consulting clients,attached as Appendix A. DProposal to Provide Audit Services for the 8 City of Pequot Lakes,Minnesota KERN•DEWENTER•VIERE