Item 15 - Agreement for Professional Auditing Services

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in recognizing opportunities and identifying areas that can be strengthened. An effective audit performed by our team will also provide: • An objective look at your policies and procedures • Valuable suggestions for improvements in your financial operations and other areas • An analysis of trends and unusual variations from year-to-year • Protection for current and future resources through improved internal controls • A deterrent to embezzlement and other fraudulent activities Through careful consideration of the above risks and their interrelationships, we will develop an audit plan and related procedures that concentrate our efforts on those elements of your financial statements that involve the greatest risk. At the same time, we will avoid the unnecessary application of commonplace and traditional procedures to low -risk areas. Throughout the engagement, we will communicate our observations to the City. The information we provide is intended to help you better manage your organization, and not just reside in a written report that is filed among your organization's records. Ourteams are very deadline driven and have experience meeting and exceeding deadlines from working with numerous similar clients throughout the years. Through upfront planning and coordination with our clients we can establish timelines that meet their needs and enable us to perform our work efficiently and effectively, thus minimizing the disruption to their business. Your time has value. We recognize that you and your teams' day is filled with competing priorities and constant distractions. We elevate your experience by utilizing a variety of communication mediums, such as a web -based document portal, video conferencing, email, and phone calls, to keep everyone informed and on track. These mediums provide ultimate flexibility so that you can choose where and how your audit is performed. In contrast to a traditional engagement, where a team spends weeks on site at your location, our Seamless Assurance Advantage focuses on having the right team members on your engagement and isn't dependent upon any physical locations. Phases and methodology of financial statement audit The CLA audit methodology utilizes a five -phase approach.