WHITE NELSON DIEHL EVANS LLP (3) -2016

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COMPUTER AUDITING CAPABILITIES White Nelson Diehl Evans LLP uses technology to make the audit process more effective. We utilize a paperless audit software, ProSystem fx Engagement, which allows us to manage our audit documentation electronically. Some of the benefits of paperless audit are: • Receive the City's schedules in either hard copy or electronic format. • Import and integrate trial balance data from virtually any accounting system. We avoid the time and expense of keying in account numbers, descriptions and account balances. We simply take your electronic trial balance and import it directly into our audit software. • Create our own lead sheets, which can include prior year balances. This helps us to easily identify significant fluctuations between fiscal years. • CAFR schedules are linked to trial balances. CAFR is updated automatically for any last minute journal entries, if any. Our approach includes using IDEA (Interactive Data Extraction and Analysis) which is a data analysis software that can be used to analyze large amounts of information. It allows the firm to extract data from the City's accounting records to tailor specific audit tests based on risk assessments. Some audit procedures that IDEA can be utilized for are: • Mechanical accuracy of worksheets or general ledgers. • Exception and gap/completeness testing for missing check numbers. • Cross checking different data bases for common information such as employee names. • Duplicate testing of invoice numbers. • Completeness of general ledger balances. The firm also has document management software which allows our clients to access our web portal. We utilize the web portal to transfer data files that are confidential or too large to be sent by e-mail. INSURANCE The firm has the following insurance coverage: (1) Section 7 of the sample contract requires $2,000,000 combined limit for automobile insurance. We would request the City accept our existing automobile liability insurance. Each Occurrence Aggregate Insurance Type Limit Limit Deductible Umbrella Policy $ 4,000,000 $ 4,000,000 $ 10,000 General Liability 1,000,000 2,000,000 - Auto Liability - Hired & Nonowned (1) 1,000,000 1,000,000 Workers' Compensation 1,000,000 1,000,000 - Professional Liability 5,000,000 10,000,000 100,000 (1) Section 7 of the sample contract requires $2,000,000 combined limit for automobile insurance. We would request the City accept our existing automobile liability insurance.