Laserfiche WebLink
Qualifications to Provide Annual Audit and Financial Rcep ri <br />La Porte Redevelopment Authority <br />After successfully executing the work plan, we will deliver draft reports and the management <br />letter, if applicable, to management for review. Based on our prior experience with other clients, <br />we anticipate a close, interactive relationship between MJ and the Authority's personnel <br />throughout the engagement. We welcome this relationship and look forward to working with you. <br />OUR DETAILED AUDIT WORK PLAN <br />Discussed below is our detailed audit work plan for this engagement, designed to ensure <br />compliance with U.S. generally accepted auditing standards. <br />Entrance Conference <br />We will conduct an entrance conference to introduce the audit team and to discuss the <br />deliverables, scope and timing of the requirements as set forth by management. We will discuss <br />our approach to the audit and initiate requests for schedules to be prepared by the Authority's <br />personnel and other financial related documents needed to begin the planning phase of the audit. <br />Prior to this entrance conference we will submit an engagement letter that describes the scope <br />and requirements of the audit as well as the contracted fee. <br />Internal Control Considerations <br />internal control questionnaires will be submitted to the appropriate personnel for those accounts <br />considered material. Upon the completion of these questionnaires, we will perform our walk- <br />through of these controls to determine if the controls in place can be relied upon and if <br />substantive procedures are necessary to test the activities and/or balances of these accounts. <br />rblateriality Determination <br />1. Analytical Review -In the planning phase, an analytical review will be performed to <br />identify any specific risks of financial misstatement. <br />MCCONNCLL &_ JONES LLi' <br />