Audit of the Financial Statements does not relieve management or the Audit Committee of their responsibility. Slide number 8 highlights kpmgs responsibilities and i just wanted to highlight a few points on this slide. Specifically, our responsibility is to form and express an opinion about whether or not the Financial Statements have been prepared by management are presented fairly in all material respects as i mentioned before. I also wanted to highlight that the audit does not attain absolute assurance, but rather we attain reasonable assurance as to whether or not the Financial Statements are free of misstatement, whether due to fraud or error. We do have a responsibility to communicate with the committee and management in a significant findings, deficiencies, or anything of that nature. ~ any so, i wanted to highlight that as well. Slides 11 and 12 really emphasize the audit approach, and im not going to spend too much time on these slides as we it is consistent with what we have p
Finding is internal cultural reporting. This is the process of submitting reports to the grantor. This is not a noncompliance finding, meaning we did not find any er rs in the reports themselves. It was part of the process. [speaker not understood] would not be reviewed before it was submitted and that could lead to a chance of errors. So, we wanted to bring out to the department as well as your attention. ~ and is there someone here from the department of Emergency Management . Good morning, commissioners. My name is patrick [speaker not understood], im with the department of Emergency Management. To address the single audit finding, weve actually involved another manager within our department to review any reimbursement requests or any claims that are submitted to the grantors prior to submission. And we feel that this addresses any concerns for the audit finding. Thank you. Okay. So, the very last report that i have to present to you today is our audit plans for the 20122013. A lot
Finding is internal cultural reporting. This is the process of submitting reports to the grantor. This is not a noncompliance finding, meaning we did not find any er rs in the reports themselves. It was part of the process. [speaker not understood] would not be reviewed before it was submitted and that could lead to a chance of errors. So, we wanted to bring out to the department as well as your attention. ~ and is there someone here from the department of Emergency Management . Good morning, commissioners. My name is patrick [speaker not understood], im with the department of Emergency Management. To address the single audit finding, weve actually involved another manager within our department to review any reimbursement requests or any claims that are submitted to the grantors prior to submission. And we feel that this addresses any concerns for the audit finding. Thank you. Okay. So, the very last report that i have to present to you today is our audit plans for the 20122013. A lot
And also a single audit report for sfo. I did want to highlight on this slide that in the prior years single audit report, there was one finding in relation to noncompliance with the davis beacon requirement with respect to the timeliness of submission of weekly certified payroll reports. We do anticipate adding this to our current year schedule. Well be looking to ensure that the recommendations have been implemented. Okay. Then if i may refer you to slide 18, slide 18 really highlights our audit timeline and key dates. We are currently in the planning and interim fieldwork phase which is expected to continue through august 2013. Our final fieldwork is scheduled for september through january 2014. And our expected date of issuance of the Financial Statements is october 25th. That also includes any significant deficiency reports. And the issuance of the single audit report is expected to occur before january 31st, 2014. On slide 19, i just wanted to highlight as auditors we do have a r
Report on [inaudible]. And also a single audit report for sfo. I did want to highlight on this slide that in the prior years single audit report, there was one finding in relation to noncompliance with the davis beacon requirement with respect to the timeliness of submission of weekly certified payroll reports. We do anticipate adding this to our current year schedule. Well be looking to ensure that the recommendations have been implemented. Okay. Then if i may refer you to slide 18, slide 18 really highlights our audit timeline and key dates. We are currently in the planning and interim fieldwork phase which is expected to continue through august 2013. Our final fieldwork is scheduled for september through january 2014. And our expected date of issuance of the Financial Statements is october 25th. That also includes any significant deficiency reports. And the issuance of the single audit report is expected to occur before january 31st, 2014. On slide 19, i just wanted to highlight as