R2021-147 Resolution Authorizing Professional Service Agreement with CliftonLarsonAllen, LLP for Auditing Services and Non-Audit Advisory Services

Home Browse Search

August 9,2021 City of Decatur Page 2 The following supplementary information other than RSI accompanying the financial statements will not be subjected to the auditing procedures applied in our audit of the financial statements and our auditors'report will not provide an opinion or any assurance on that information: 1. Statistical section. 2. Introductory section. Nonaudit services We will also provide the following nonaudit services: i • Preparation of your financial statements,schedule of expenditures of federal awards,related notes,and RSI (except MD&A). • Preparation of supplementary information(except transmittal letter and statistical section). • Preparation of depreciation schedules. • Preparation of adjusting journal entries,if needed. • Prepare the Data Collection Form. • Preparation of the Annual Financial Report(AFR)for the State of Illinois Comptroller's Office. Audit objectives The objectives of our audit are to obtain reasonable assurance about whether the basic financial statements as a whole are free from material misstatement,whether due to fraud or error,and to issue an auditors'report that includes our opinions about whether your basic financial statements are fairly presented,in all material respects,in conformity with accounting principles generally accepted in the United States of America(U.S. GAAP). Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with auditing standards generally accepted in the United States of America (U.S.GAAS) will always detect a material misstatement when it exists. Misstatements, including omissions,can arise from fraud or error and are considered material if there is a substantial likelihood that,individually or in the aggregate,they would influence the judgment made by a reasonable user based on the financial statements. Our audit will be conducted in accordance with U,S.GAAS;the standards for financial audits contained in Government Auditing Standards,issued by the Comptroller General of the United States;and the audit requirements of Title 2 U.S.Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles,and Audit Requirements for Federal Awards(Uniform Guidance).Those standards require us to be independent of the entity and to meet our other ethical responsibilities,in accordance with the relevant ethical requirements relating to our audit.Our audit will include tests of your accounting records,a determination of major program(s) in accordance with the Uniform Guidance,and other procedures we consider necessary to enable us to express opinions and render the required reports.We will apply certain limited procedures to the RSI in accordance with U.S.GAAS. However,we will not express an opinion or provide any assurance on the RSI I