The Contractor shall notify the COTR of the DOX entity, the type of contract services to be provided, the period covered, and provide a copy of the applicable statement of work describing the requirements. The contractor shall include a description of the condition identified, the criteria used to assess the situation, causes of the situation, risks or potential risks associated with the condition, and recommendations for correcting the condition. At a minimum, the Detailed Audit Planning Document shall include the following: A schedule of milestones for completing each section of the audit. The DOX OIG will be responsible for (a) ensuring the consistency of the Closing Package information with the agencies audited financial statements, and (b) reporting on the results of selected procedures with respect to certain information in the Closing Package, including Federal activity and balances as reported by the agencies. These cookies do not store any personal information. Results or a copy of the firms most recent Inspection Report prepared by the Public Company Accounting Oversight Board and the firms response. GMRA amended those portions of the CFO Act dealing with the preparation and audit of the financial statements to require that 24 major Federal Government agencies, including DOX, shall annually prepare and submit to the Director, OMB, audited financial statements covering all accounts and associated activities of the agency. Furthermore, if so requested by an Agent by written notice to Senior Company Counsel of the Company (receipt of which is acknowledged by Senior Company Counsel), when the Company sells Notes to such Agent pursuant to a Terms Agreement (if such opinion is required by such Terms Agreement), the Company shall furnish or cause to be furnished forthwith to such Agent and to counsel to such Agent a written opinion of the Senior Company Counsel of the Company, or other counsel satisfactory to such Agent, dated the date of such sale, in form and substance satisfactory to such Agent, of the same tenor as the opinion referred to in Section 5(a)(1) and the disclosure statement referred to in Section 5(a)(3) hereof, but modified, as necessary, to relate to the Registration Statement, the Basic Prospectus and any applicable Prospectus, as amended and supplemented to the time of delivery of such opinion, and any applicable Disclosure Package; or, in lieu of such opinion, counsel last furnishing such an opinion to such Agent shall furnish such Agent with a letter to the effect that such Agent may rely on such last opinion to the same extent as though it was dated the date of such letter authorizing reliance (except that statements in such last opinion shall be deemed to relate to the Registration Statement, such Basic Prospectus and any such Prospectus, as amended and supplemented to the time of delivery of such letter authorizing reliance, and such Disclosure Package). SAS 61: Communication with Audit Committees (if necessary) Schedule of Deliverables (A schedule of task order deliverables with due dates, OIG response, and component response should be detailed in this section and tailored to your agency.) The Contractor shall also assess whether Other Data (Stewardship Information and Supplementary Information) is materially consistent with the information in the special-purpose financial statements. Obtaining signed confidentiality agreements. ( 9 ? I. DOX Consolidated Annual Financial Statement If your agency issues guidance for financial statement preparation, mention here. Kindly check our engagement letter with the terms and conditions that are mentioned in our companys website [Mention the link of your companys website]. The Contractor shall complete a thorough evaluation of the information in the MD&A, and all required supplemental financial and accompanying information sections, to ensure that nothing in these sections appears materially inconsistent when compared to the principal financial statements. The Contractor may not use or disclose this data except as the Contractor is permitted to use or disclose DOX sensitive information under the task order and this nondisclosure agreement. C. Detailed Audit Planning Document A Detailed Audit Planning Document shall be submitted no later than xxx of the fiscal year being audited. (Note: The Closing Package, OPM AUP, and Intragovernmental Transactions do not apply to ATD Act agencies.) It will act as an evidence between both of us. D. AUP report for Intragovernmental Activities and Balances (if required) The Contractor shall issue a separate report on AUP performed on intragovernmental activities and balances. The Contractor shall, at no additional cost, provide audit documentation to the DOX OIG upon request. We will be responsible for finding the auditing evidence related to amounts and disclosures in concern with the financial statement. III. DOX will provide the Contractor, in writing, the specific reasons for removal of an individual. 3. C. AUP report for OPM (if required) The Contractor shall issue a separate report on AUPs performed on the DOX payroll office. %PDF-1.6 % The progress reports shall be prepared in accordance with section xxx of the contract. Opinion and Comfort Letter Furnish, at the request of any Holder requesting registration of Registrable Securities, on the date that such Registrable Securities are delivered to the underwriter(s) for sale, if such securities are being sold through underwriters, or, if such securities are not being sold through underwriters, on the date that the registration statement with respect to such securities becomes effective, (i) an opinion, dated as of such date, of the counsel representing the Company for the purposes of such registration, in form and substance as is customarily given to underwriters in an underwritten public offering and reasonably satisfactory to a majority in interest of the Holders requesting registration, addressed to the underwriters, if any, and to the Holders requesting registration of Registrable Securities and (ii) letters dated as of (x) the effective date of the registration statement covering such Registrable Securities and (y) the closing date of the offering, from the independent certified public accountants of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering and reasonably satisfactory to a majority in interest of the Holders requesting registration, addressed to the underwriters, if any, and to the Holders requesting registration of Registrable Securities.

Upcoming deadlines. A section on tests of the IT control environment. Other potential areas of discussion will include access to records and documents, scheduled field office visits, significant accomplishments, and any other areas where the Contractor, auditee, and COTR (or task monitor) may need clarification or assistance. Disorderly conduct, use of abusive or offensive language, quarreling, intimidation by words or actions, or fighting. In conducting the audit, the methodology used shall be at a minimum, consistent with the most current version of the GAO/PCIE FAM.

The responsibilities in this category include independent performance of a major segment of an audit. The Contractor shall work with the DOX OIG to ensure that the DOX OIG meets requirements and the due date for FY 200X. Please choose the method utilized by your agency or tailor this section to your agency. A copy of the firms most recent internal inspection report or equivalent if available, external Peer Review, Letter of Comments, and Managements response. These tests shall include, but are not limited to, performing analytical procedures, testing "both sides" of a sample of elimination entries and noting out-of-balance elimination entries between components that need to be adequately resolved by management. Arranging interviews with proper DOX individuals. We are quite happy to confirm our participation and acceptance of auditing and also understand the terms and conditions explained to us on the day of Annual General Meeting. In performing this assessment the contractor shall follow the guidelines presented in the AICPAs AU Section 551, Codification of Statements on Auditing Standards, and shall perform procedures consistent with AICPAs AU Section 558, Codification of Statements on Auditing Standards. We would like to confirm in this letter that the auditing will be performed as per the International Standards on Auditing. Thanking you, ADMINISTRATIVE SUPPORT FOR CONTRACTOR During the period in which this statement of work is performed, the Contractor shall require administrative support from the DOX. The audit(s) shall be performed in accordance with generally accepted government auditing standards (GAGAS), as specified in the current version of the GAO Government Auditing Standards (GAS), and additional audit requirements of the OMB. The OIG will notify the contractor upon acceptance of each deliverable.

The progress reports shall be prepared in accordance with section C.4.2. hvp CJ This website uses cookies to improve your experience while you navigate through the website. I. In addition, the Contractor shall obtain an understanding of the design of internal controls relating to the existence and completeness assertions over performance measures and determine whether they have been placed in operation, as required by OMB Bulletin 01-02, as amended, or the most current OMB audit guidance. Below are examples of different methods. The status of action items from the last meeting including any corrective action undertaken. The Contractor shall also obtain an understanding of the components of internal control relating to the existence and completeness assertions relevant to the performance measures included in Managements Discussion and Analysis (MD&A). Internal Auditor Cover Letter: 4 Templates, Financial Consultant Cover Letter: 4 Templates, Accountant Cover Letter Examples: 4 Templates, Appreciation Letter to Manager: 30 Templates, External Audit Invitation Letter: 4 Template, Manager Farewell Email Letter: 75 Templates, Non Profit Cover Letter (CFO): 4 Templates, Independent Contractor Termination Letter: 4 Templates, Job Abandonment Termination Letter: 4 Emails, 30 Day Lease Termination Letter: 4 Templates, Sample Letter To Break Lease Due to Safety Concerns. If additional staff is added to this list at a later date, they will not be able to work on any part of this audit until necessary security requirements have been fulfilled and resumes are provided. The Contractor, the Contractors employees, and any Subcontractor and Subcontractors employees will access, or be provided access to, the DOX information, software, applications, computer systems and hardware only to the extent necessary, and only for the purpose of, performing the task order. The materiality levels -- planning, design, and test materiality. These levels were two and one-half (2.5) percent of design materiality for individual cases and five (5) percent of design materiality for the aggregate of all cases. This agreement also applies to any other DOX systems or data to which the Contractor may have access to or be disclosed to the Contractor. [Number] dated [date] in regards to our company [mention name of the company]s selection as the Statutory Auditors for the [ mention other companys name] in concern with the financial year [ year] as per the decision taken on [ date] that has been passed at the Annual General Meeting. For the DOX Consolidated Audit, additional requirements include: intra-Departmental elimination entries; restrictions on the release of the audit opinion to the reporting entity; information system control environment review of the Departments Data Centers; Year-End Closing Package for the government-wide FR; and DOXs Performance and Accountability Report (PAR). With respect to Other Accompanying Information, the Contractor shall assess whether the information and its presentation is materially consistent with the information in the principal statements. After obtaining component management concurrence the recommendation may be provided to component management. Unauthorized access to employees personal property. The Department of Treasury developed a Closing Package methodology for compiling the Government-wide Financial Report (FR). (Please note that some agencies also include their reportable conditions in the management letter.) Attachment C Instructions for Auditors Summary of Unadjusted Differences Attachment D Schedule of Deliverables Attachment X - Any attachments pertinent to your agency REQUEST FOR PROPOSAL ANNUAL FINANCIAL STATEMENT AUDIT Fiscal Year 200X For X (X) Reporting Entity(ies): Consolidated U.S. Department of XXX; and (if applicable) other components SECTION A SUMMARY OF STATEMENT OF WORK SEQ CHAPTER \h \r 1REQUEST FOR ANNUAL FINANCIAL STATEMENT AUDIT FISCAL YEAR 200X TASK ORDER STATEMENT OF WORK SUMMARY OF TASK REQUIREMENTS I. This schedule should take IT control environment audit work into consideration. endstream endobj startxref %%EOF Copies of component responses shall also be provided to the task monitor. The Contractor shall review the consolidated interim, draft, and final financial statement packages for compliance with the Departments requirements. The audit coordinator support tasks will include: Providing office space, office furnishings, telephone and fax lines.

If you have any questions regarding the same, please feel free to contact me at [Mention your contact no] or email at [Mention your mail address]. Furthermore, all contractor reports (both draft and final reports) shall be submitted only to the DOX OIG. Thus, the information system control environment review performed under this task shall be coordinated with the OIG auditors to ensure the work is completed timely enough for the other auditors to use in performing their audits. E. Notification of Findings and Recommendations (NFR) (Examples of other names for this section: Notification of Findings, etc. Unauthorized access to DOXs automated information systems. These sections shall include (at a minimum) planning, internal control, testing, and reporting. (Please note that GAO may elect to attend any status or other meeting.) The responsibilities in this category include management and supervision of an audit team or teams including on-site quality control. The contractor shall include in its Report on the Principal Financial Statements the level of assurance it is providing on this additional information.

Unauthorized use of communications equipment or Government property. Performance information shall be evaluated and reported in conformance with current OMB guidance. The progress reports shall be prepared in accordance with section C.4.2. All Contractor and Subcontractor personnel performing work under this task order shall satisfy all requirements for appropriate security eligibility in dealing with access information and information systems belonging to or being used on behalf of DOX. The letter shall clearly state whether the Contractor considers DOXs corrective action plans to be sufficient to resolve each recommendation, as defined by OMB Circular A-50, Audit Follow-up. The COTR/task monitor is responsible for review and acceptance of the Detailed Audit Planning Document. DOX is required to prepare the Closing Package at the department level, which includes providing selected audited financial statements (Balance Sheet, Statement of Net Cost, and Statement of Changes in Net Position), crosswalking these statements to the government-wide statements, identifying intra-governmental partners and balances, and preparing notes and other data. The Contractor may retain non-public copies of any of these document or data necessary to support audit report conclusions, peer review requirements, and GAO oversight. XIII. X Z ] ^ In this separate statement, the Contractor shall briefly describe all work and known future work, including non-audit services, with this reporting entity in the past two (2) years. The procedures will focus on evaluating the adequacy of information systems controls over the following GAOs Federal Information System Controls Audit Manual (FISCAM) general control areas: Entity-wide Security Program Planning and Management, Access Controls (including mainframe system logical security and data center physical security), Segregation of Duties (for data center management and operations), Application Software Development and Change Control, System Software Controls and Modification, and Service Continuity. The Contractor shall work with the OIG to ensure that the OIG meets requirements and the due date for FY 200X. I would like to bring into your kind consideration that the audit is due on __/__/____ (Date) for Financial year ____-____ (financial year). XI. INDEPENDENCE The Contractor, in a separate statement, shall represent that it is independent with respect to this reporting entity. Furthermore, a report on the Information System Control Environment Review, a report on the Special Purpose Financial Statements (Year-End Closing Package), and reports for Agreed-Upon Procedures (AUP) for the Office of Personnel Management (OPM) (OPM AUP only if required by your agency) and Intragovernmental Transactions are required. The contractor shall perform procedures in accordance with the GAOs Federal Information System Controls Audit Manual (FISCAM) to assess the effectiveness of the agencys system control environment. I shall be highly obliged for your quick and kind response. [ mention number ] dated [ date]. A schedule of budgeted hours by labor category for each section of the audit. The following is an example of a payment schedule and should be tailored to your agencys requirements.) It is imperative that the contractors protect all audit documentation from unauthorized access. Only contractor staff with appropriate security clearances shall have access to audit documentation. The OIG shall be notified immediately of any significant deviations from the FAM. 59 0 obj <> endobj The Contractor shall, at no additional cost, provide training to DOX OIG and GAO staff on the usage of electronic audit documentation programs if required. The Government Accountability Office (GAO) is responsible for the audit of the consolidated financial statements of the U.S. Government. Submission Dates For the Consolidated DOX Audit, the draft reports for the FY 200x statements shall be submitted no later than xxx, 200x; and the final reports shall be submitted no later than xxx, 200x. Letter Templates, Sample Letters, Letter Formats, Home Letters Request Letters Request Letter to Conduct Audit Sample Letter Regarding Audit, To, By clicking Accept, you consent to the use of ALL the cookies. Please do make sure to contact us on our contact number which is [ contact no.] Home Letters Templates Acceptance Letters. Prior to the making of each Swingline Loan, the Swingline Lender shall have received the notice referred to in Section 2.03(b)(i). Draw Request At such time as the Borrower shall desire to obtain, subject to the other requirements hereof, a disbursement of any portion of the proceeds of the Loan, the Borrower shall complete, execute and deliver to the City a properly completed draw request in a form designated by the City, together with the General Contractor's Payment Request which shall have been approved by the City's Inspector and by such other documents as the City may request ("Draw Request"), all in such form as the City may require from time to time. To satisfy this requirement, all Contractor and Subcontractor personnel on this audit, except IT staff, will have xxx security clearance level prior to performing work. If general controls are determined to be properly designed, testing shall be done to determine if they are operating effectively. Supervisory Senior Auditor The minimum experience requirements in this category include: (a) being a Supervising Senior in the Contractors or Subcontractors organization, (b) having a minimum of four (4) years audit experience, and (c) having 24 semester hours in accounting.