8I Consent 2011 0620 - Laserfiche WebLink

Home

4. Reporting and Communication: The auditors will meet continuously during the field work process with the Finance Director or designee to discuss preliminary audit findings and management recommendations. Prior to issuing their final reports, the auditors will meet with the Finance Director and his/her designees. All audit reports will be addressed to the City Council. The auditors may be consulted occasionally throughout the year as an information resource. The auditors may be asked to provide guidance on implementation of Government Accounting Standards Board (GASB) requirements and specifics of federal and state regulations as they may affect local government accounting. They may also be asked to assist with the implementation of new pronouncements. (e.g. GASB 54, GASB 57) 5. Other Considerations All working papers and reports must be retained, at the auditor's expense, for a minimum of three (3) years, unless the firm is notified in writing by the City of San Leandro Finance Director of the need to extend the retention period. The auditor will be required to make working papers available upon request to the appropriate parties. In addition, the firm shall respond to the reasonable inquiries of successor auditors and allow successor auditors to review working papers relating to matters of continuing accounting significance. Throughout the year, the auditor will provide financial advice and counsel on matters occurring throughout the year that would affect the annual report. The audit partner /manager may be required to attend semi - annual meetings of the Finance Committee. Additionally, the audit partner /manager may be required to attend a City Council meeting to explain or clarify financial statements or accounting requirements. Consulting Services Agreement between 06/06/2011 City of San Leandro and MAZE and Associates Page 17 of 20