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Auditor Interview Questions <br /> 1. Tell us a little about your firm? <br /> a. Size? <br /> b. Number of CPAs? <br /> c. Number of CPAs with municipal experience? <br /> d. Diversity of Staff? <br /> e. Background of those assigned to our engagement? <br /> 2. Explain the testing of transactions for accounts receivable, cash, payroll and <br /> accounts payable. Explain some of the tests that auditors perform to insure that the <br /> revenues and expenditures are accurate. <br /> 3. For how many municipalities has your firm performed a financial audit and <br /> expressed an independent auditor's opinion? <br /> 4. How will you handle audit staff and client conflicts? Explain your philosophy for <br /> issuing letters to management addressing significant deficiencies, material <br /> weaknesses and other control deficiencies. <br /> 5. Do you have a software program to assist the client in preparing the CAFR? <br /> 6. Explain how GASB 54 affects our city and what steps should we take to <br /> implement the new standard? <br />