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% SIKICH. SIKICH.COM <br /> CLIENT SERVICE TIMELINE <br /> TIMEFRAME <br /> EVENT PERSON(S)ASSIGNED <br /> I.Preliminary Planning The meeting would be <br /> During this phase of the audit,we would meet with attended by the <br /> representatives of the City of Decatur to discuss the engagement partner and <br /> approach we would take during the audit,focusing on engagement manager,if <br /> areas of particular concern to the City of Decatur as well necessary. <br /> as areas of high audit risk,and develop the time schedule <br /> for completing the subsequent phases of the audit. <br /> II.Preliminary Fieldwork This phase would be <br /> During this phase of the audit,we would develop an completed by the <br /> understanding and documentation of the City of engagement partner, <br /> Decatur's accounting and administrative controls using engagement manager and <br /> its accounting procedures manual,EDP documentation onetwo professional staff. <br /> and by interviewing staff.In addition,we may perform <br /> compliance testing of those controls to determine which <br /> controls,if any,that we could rely on during later phases <br /> of the audit.Sample sizes would be determined during <br /> this phase,but generally would be between 25 and 60. <br /> Moreover,we would develop our planning materiality <br /> on an individual fund basis and complete a preliminary <br /> analytical review of the City of Decatur's financial <br /> position as a whole. <br /> In addition,we would review all minutes from the <br /> meetings of the City Council and the component units; <br /> review all ordinances adopted by the City of Decatur <br /> during the year;review any debt agreements entered <br /> into during the year and analyze any other unique <br /> transactions entered into by the City of Decatur;and <br /> perform our fraud interviews in accordance with <br /> Statement on Auditing Standards(SAS)No.99.Upon <br /> completion of this phase,we would finalize all necessary <br /> confirmations the City of Decatur will prepare;review all <br /> proposed client assisted work papers and the timing of <br /> preparation by the City of Decatur;develop our audit <br /> programs for the next phase of the audit and review and <br /> document any changes to the City of Decatur's Annual <br /> Comprehensive Financial Report;and prepare the <br /> schedule for the remainder of the audit. <br /> III.Fieldwork This phase would be <br /> During this phase of the audit,we would complete all of completed by the <br /> our substantive testing of the account balances and engagement partner, <br /> prepare the draft of the City of Decatur's financial engagement manager and <br /> statements with a rough draft of the financial statements one to two professional <br /> provided to the City of Decatur at the conclusion of field staff. <br /> work.We would also prepare the draft of the <br /> management report.In addition,an exit conference <br /> would be held with officials from the City of Decatur to <br /> discuss the preliminary results of the fieldwork,review <br /> any proposed audit adjustments,final adjusted trial <br /> balances that agree to the financial statements and any <br /> significant findings. <br /> ACCOUNTING TECHNOLOGY ADVISORY City of Decatur Service Proposal 14 <br />