Agenda - 06-05-2001-9b - Laserfiche WebLink

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15 Work .product At the conclusion of the engagement we will prepare a written report of our findings and recommendations. The report will contain the following information: • Identify any significant impediments to. GASB 34 implementation • Identify specific tasks that must be completed to implement the standard • Estimate the effort needed to complete each task and set timelines for completion • Prioritize tasks as well as identify which tasks are critical and which can be deferred • Prepare a Gantt chart outlining tasks, due dates and responsible persons • Identify areas where financial policies should be written to drive process improvements We will meet with the implementation oversight committee to go over the draft report, and' obtain agreement from the committee before issuing the final report. ACCESS TO WORKING PAPERS The working papers for the engagement are the property of Cherry, Bekaert & Holland, L.L.P. and constitute confidential information. Except as discussed below, any requests for access to our working papers will be discussed with you prior to making them available to requesting parties. Qur Firm, as well as all other major accounting firms, participates in a `peer review" program, covering our audit and accounting practices. This program requires that once every three years we subject our quality assurance practices to an examination by another accounting firm. As part of the process; the other firm will review a sample of our work. It is possible that the work we perform for you maybe selected by the other firm for their review. If it is, they are bound by professional standards to keep all information confidential. If you object to having the work we do for you reviewed by our peer reviewer, please notify us in writing. SUBPOENAS In the event we are requested or authorized by you or required by government regulation, subpoena, or other legal process to produce our working papers or our personnel as witnesses with respect to our engagement for you, you will, so long as we are not a party to the proceeding in which the information is sought, reimburse us for our professional time and expense, as well as the fees and expenses of our. counsel, incurred in responding to such a request. OTHER MATTERS If any dispute, controversy or claim arises in connection with the performance or breach of this agreement, either party may, on written notice to the other party, request that the matter be mediated. Such mediation would be conducted by a mediator appointed by and pursuant to the Rules of the American Arbitration Association or such other neutral facilitator acceptable to both parties. Both parties would exert their best efforts to discuss with each other in good faith their respective positions in an attempt to finally resolve such dispute or controversy.