Staff recommends the City Commission accept this communication from its auditors Purvis Gray.
The accounting and auditing professions have come under the microscope due to the business failures of large corporations such as Enron, WorldCom and the recent activities of Wall Street. While much of the blame has been placed on business ethics, additional focus has been placed on the methods of communication between the auditing firm, an entity’s management and its board of directors. This communication offers additional information in regard to the audit and provides the Commission another opportunity to ask questions regarding the audit and financial position of the City.
1. Accept the communication from the City’s Auditors Purvis Gray; or
2. Such alternative action as the Commission may deem appropriate
Prepared by: __Jerry Boop_______
Attachments: Yes_x__ No ______
Advertised: ____Not Required ______
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head _JB_____
Finance Dept. __________JB______
Deputy C.M. ___________________
City Manager ___________________
Account No. _________________
Project No. ___________________
WF No. ______________________