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17 <br /> MAULDIN <br /> Orange County <br /> Quote to Provide Auditing Set-vices <br /> Auditor's Discussion & Analysis <br /> During the course of serving our clients, we stress <br /> the importance of timely and frequent <br /> communication. Such communication takes place • <br /> throughout the audit and throughout the year, and ► �/ <br /> includes proactive communications regarding new ► jaw z` <br /> and upcoming accounting standards and auditing <br /> standards, as well as, the availability to answer Z r <br /> questions and provide advice to the government. <br /> We believe such communication is a key to providing timely value-added service to our clients. <br /> At the conclusion of the audit process, Mauldin & Jenkins prepares an Auditor's Discussion & Analysis <br /> (formerly called the Audit Agenda) which provides auditor insight and summarizes the audit process, <br /> conclusions, and year end financial analysis all under one cover. <br /> Elements of the Auditor's Discussion &Analysis include the following: <br /> • Information about the Firm, and the respective personnel serving the <br /> government; <br /> • Results of the audit and other matters which should be emphasized to the <br /> governing board; <br /> • An overview of the governments year-end financial results and auditor insights <br /> relative to key financial elements of the government; <br /> • An understanding of the internal control / compliance audit reports and the <br /> results of our testing of internal controls and compliance with laws and <br /> regulations; <br /> • A summary of certain audit scopes and procedures utilized by Mauldin &Jenkins <br /> during the audit process; <br /> • Documentation of certain required communications as required by auditing <br /> standards; <br /> • If applicable, a summary of any findings (material weaknesses and / or <br /> significant deficiencies) and management recommendations resulting from the <br /> audit; <br /> • Practical information regarding upcoming new financial reporting and auditing <br /> standards and pronouncements affecting the government;and, <br /> • A summary of the free continuing education and newsletters made available to <br /> the government during the past year. <br /> Mauldin&Jenkins, LLC Page 15 <br />