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Pe n Ford Ana lys <br />Receipts and Disbursements Trending <br />5700.000 ... ... <br />SiOu,aw �r <br />snao,a0oi <br />$iioa,000i <br />s,wo,0oot <br />slsaoa■oi <br />s{sak,osoi <br />16.0ae0aa - User Acti9itq by Month 6,000 - - Transaction Activity by TiR i <br />14.000.000 ■ I.n <br />5,000 <br />U.0ao.00o • F,k <br />wMn i,000 <br />io.xa.aoa ■ w <br />■us, 3Aao <br />6.00Q00o .. __ _ ■Ri 7,o00 <br />SAW <br />■v<e <br />3.000.0a6 - ■r�Pi a <br />MI wo - d d f{ d it a►aa" gat a' a' l� f> i+ �+ d !>Ar� i+ it .+ r► <br />arimPran Gt■yre [Wawn Nano lions y8 > y'P r'D •i� �� K' w� rF�y+'fir �'8 5� r� ..'� kP y$�� <br />Data Analytics. At the end of a series of pre -determined onalytics (often retrieved from multiple proprietary accounting <br />systems) that are customized to the project at hand, we identify anomalies and potential errors in transactions. In every <br />case, we review what appears to be inappropriate activity, including supporting documentation evidencing the transactions. <br />Procedures used to understand internal processes and controls <br />We understand with a change in the engagement principal and a different <br />approach with Cf_A would require a new to develop an understanding of <br />the City and its internal control and operating structure. We also strive to <br />develop our understanding in the least intrusive manner possible, while still <br />maintaining our professional responsibilities. We would utilize a <br />combination of internal control forms and interviews with key accounting <br />personnel to gain and document our understanding of the City. We will also <br />use as a baseline any existing internal control processes, policies, <br />organizational charts, etc. the City may have already documented. Tests of <br />design and operating effectiveness would then be performed to confirm <br />our understanding. <br />The Committee of Sponsoring Organizations of the Treadway Commission <br />(COSO) has established a framework for internal control systems. Under <br />the COSO framework, internal control is a process to provide reasonable coso Internal contort: <br />integrattedLd Framework <br />assurance that those internal objectives, including effectiveness and <br />efficiency of business operations, reliability of financial reporting, and compliance with applicable laws and <br />regulations, will be met. <br />Our audit approach is designed to evaluate and test the departmental internal controls in accordance with COSO <br />concepts. Our procedures include a review of the overall control environment, determination of the internal <br />controls which are determined to be direct and material to the federal program under review, determination of <br />the adequacy of those procedures, and testing of the procedures to determine if they are functioning as <br />designed. <br />