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25E - AGMT - PROFESSIONAL AUDITING
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25E - AGMT - PROFESSIONAL AUDITING
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Last modified
5/23/2019 2:19:56 PM
Creation date
4/28/2016 3:10:11 PM
Metadata
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
City Manager's Office
Item #
25E
Date
5/3/2016
Destruction Year
2021
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PARTICIPATION IN PROFESSIONAL ORGANIZA11ONS <br />Our partners and staff are actively involved in professional organizations in the governmental <br />accounting field. Noted below is a summary of our participation in various national and California <br />governmental organizations. <br />, <br />Our firm is a member of the AICPA Governmental Audit Quality Center. The Center is a firm -based <br />voluntary membership Center whose primary purpose is to promote the importance of quality <br />governmental audits to purchasers of governmental audit services. The Center provides members <br />with an online forum tool for sharing best practices, as well as discussions on audit, accounting, and <br />regulatory issues. As a member of the Center, the firm receives updates on changes in auditing and <br />accounting standards that effect governmental audits. The quality control partner is required to <br />attend an annual web cast to discuss auditing and reporting issues effecting governmental audits. Our <br />firm uses the resources of the Center to maintain the quality of our governmental audits. <br />Our firm is an associate member of the Government Finance Officers Association of the United States <br />and Canada(GFOA). <br />Also, we have web based access to the latest pronouncements issued by the Governmental <br />Accounting Standards Board (GASB) and the Financial Accounting Standard Board (FASB), including <br />Interpretations, Technical Pronouncements and Newsletters. We regularly analyze these <br />pronouncements and advise our governmental clients of changes in accounting rules. <br />Our Irvine office partners and our Director of Consulting Services are associate members of the <br />California Society of Municipal Finance Officers (CSMFO). Our personnel regularly attend local CSMFO <br />chapter meetings throughout Southern California, and the annual statewide conference. We often <br />provide public speakers for these meetings. <br />CSCPA <br />Several partners and principals of the firm have been members of the Governmental Accounting and <br />Auditing (GAA) Committee of the Orange County Chapter of the California Society of Certified Public <br />Accountants (CSCPA). Mr. Patel, Mr. Ludin and Mr. Morgan have each served as chairman of this <br />committee. Firm personnel have been involved over the years in preparing position papers issued for <br />professional organizations on governmental accounting matters. Currently, Mr. Patel and Mr. Callanan <br />are members of the State Governmental Accounting and Auditing Committee. <br />25E-44 <br />
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