4.5. SR 10-04-2021 - Laserfiche WebLink

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PROPOSAL PREPARED ESPECIALLY FOR CITY OF ELK RIVER, MINNESOTA AUDIT APPROACH AND TIMELINE (CONTINUED) PHASE FOUR - PRESENTATION OF AUDIT REPORT The final phase of the process is the presentation of the reports to the City Council. The presentation provides the governing body with information about the year's financial activity compared to past trends and expected results. We also provide other relevant and interesting observations relating to your financial statistics that will help provide the governing board with a deeper understanding of your operations. We understand all organizations have individual needs and we lookforward to getting your feedback on graphs and statistics. Hours: Partner-5 Professional standards require that we provide you with information regarding the auditor's responsibility under generally accepted auditing standards, significant accounting policies, accounting estimates and management judgments, significant audit adjustments, other information in documents containing audited financial statements, disagreements with management, consultation with other auditors, major issues discussed with management prior to retention as auditors and difficulties encountered in performing the audit. We will provide this information in written form via the communications letter and will discuss with administration during the review of the preliminary audit report. Your Expected Role: Provide BerganKDV with information and feedback for presentation preferences. PANDEMIC RESPONSE Our government audit team has completed it's third full season of predominantly remote auditing for our 12/31/2019, 6/30/2020 and 12/31/2020, and is now entering our fourth. In total our firm has completed several hundred audits using this approach. The Suralnk portal described earlier, provided a secure portal as well as a "scorecard' for all stakeholders to tract audit progress. Microsoft Teams videoconferencing and chat features allowed for communications within the team and with our clients in a way that minimized the loss. of personal interactions. While we look forward to a more "normal" future, at BerganKDV we have the proven tools to ensure no disruption to your audit schedule despite the pandemic -related challenges. 19 1 PAGE BERGANKDV, LTD. I BERGANKDV.COM 1 DO MORE.