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k. Federal or state desk or field reviews <br />CLA has been subject to several federal and state desk reviews by state oversight agencies during the past three <br />years, and we have resolved all findings. In addition, our government audits are subject to review by each <br />agency's Office of Inspector General, as well as the U.S. Government Accountability Office, and we have also <br />resolved all findings identified in those reviews. <br />I. Limits on liability <br />See Section 9, Insurance. <br />m. Insurance <br />Clifton LarsonAllen LLP carries commercially reasonable amounts of general liability and malpractice (aka <br />professional liability) insurance. if requested, the firm will provide a certificate of coverage for an amount <br />specified by the City upon being engaged. <br />In. Authorized to contractually bind the firm <br />Daphnie Munoz, as principal of CLA, is authorized to sign, bind, and commit the firm to the obligations contained <br />in this proposal and the City's RFP. This proposal is valid for a period of 90 days. <br />o. Disciplinary action <br />From time to time, the firm is a defendant in lawsuits involving alleged professional malpractice. In all cases, the <br />firm believes that it has a strong position and intends to defend itself vigorously. Should the ultimate outcome <br />be unfavorable, however, net of the deductible provisions of the firm's malpractice insurance, all cases are <br />expected to be fully covered by insurance and will not have a material impact on the firm or its ability to <br />perform these services. <br />Moreover, in those cases where claims have been resolved by settlement (the vast majority of our cases), the <br />firm is typically subject to confidentiality agreements that prohibit the disclosure of information regarding those <br />matters. Disclosure by the firm of any details about those matters could invalidate the settlement agreements. <br />4 Work Plan <br />a. Audit approach <br />Many organizations view an audit as a requirement that doesn't contribute to their overall operations or value. <br />At CLA, we believe an audit should be an annual check-up that gives you insight into your organization, allowing <br />you to take advantage of opportunities and improve your operations. <br />CLA is one of a few firms that have developed its own proprietary audit program. Our audit teams can customize <br />our audit programs to address the specific risks and unique characteristics of your operation. We do not perform <br />the exact same procedures for every client. In addition, our audit programs are interactive, providing guidance <br />to the staff while they are performing the audit procedures. <br />Our audit approach for year one and subsequent years will have certain consistent elements. However, we <br />expect that the subsequent years will result in fewer audit hours based on the efficiencies gained as we become <br />more familiar with your operations. Our audit objective extends beyond the issuing of an opinion on financial <br />statements. We believe that a good audit yields substantial information for management and is a valuable tool <br />