HomeMy WebLinkAboutC-1 City Auditor Prestation (Lance. Soll & Lunghard , LLP er 40
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AZUSA
AGENDA ITEM
TO: THE HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: ALAN KREIMEIER, DIRECTOR OF ADMINISTRATIVE SERVICES/CFO
VIA: FRANCIS M. DELACH, CITY MANAGER/ifr
DATE: JUNE 28, 2010
SUBJECT: CITY AUDITOR PRESENTATION (LANCE, SOLL & LUNGHARD, LLP)
REGARDING SAS 114 REQUIREMENT
RECOMMENDATION
It is recommended that City Council receive the information from the City auditor on the annual
audit process and direct staff regarding any policy changes.
BACKGROUND
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In 2008, Richard Kikuchi, partner with Lance, Soll & Lunghard (LSL), LLP, the City's external
auditor, made a presentation to Council outlining the requirements associated with the Statement
of Auditing Standards (SAS) No. 114, "The Auditors Communication with those Charged with
Governance". This statement had been adopted in part to improve the auditing processes due to
the financial fallout associated with the Enron crisis.
As a requirement of SAS No.114 the Auditor must meet with the City Council at least once
during the fiscal year. Mr. Kikuchi will make a brief presentation to the Council after which any
questions pertaining to the City's annual audit process may be asked.
FISCAL IMPACT
N/A
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