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Agenda - 05-16-2006-5i
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Agenda - 05-16-2006-5i
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Last modified
9/1/2008 10:41:04 PM
Creation date
8/29/2008 9:27:31 AM
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Template:
BOCC
Date
5/16/2006
Document Type
Agenda
Agenda Item
5i
Document Relationships
2006 S Finance - Audit Contract for the June 30, 2006 Fiscal Year
(Linked From)
Path:
\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2000's\2006
Minutes - 20060516
(Linked To)
Path:
\Board of County Commissioners\Minutes - Approved\2000's\2006
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1~5 <br />Recommendation -The firm should renund all professionals of the matters to be considered <br />when documenting procedures performed in the above azeas. The firm should consider <br />conducting a training session to highlight the documentation matters noted during the review. <br />Finally the firm should monitor the adequacy of audit documentation through increased emphasis <br />by the reviewers of'audit engagements in the above areas. <br />Finding -The firm's quality control policies and procedures require that representation letters <br />refer to uncorrected adjustments and that a schedule of such adjustments be attached to the <br />representation letters. We found several instances in which the representation letter did not <br />address uncorrected adjustments or the schedule attached contained incorrect amounts. These <br />instances did noC result in arty financial statement misstatements. <br />Recommendation - We recommend that the firm re-emphasize its policies and procedures <br />concerning reference to uncorrected adjustments and hold a training session to review such <br />procedures. In addition, all reviewers should more closely monitor representation letters and the <br />schedules attached to such Ietters for uncorrected adjustments. <br /> <br />
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