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AGENDA
- Communication
- Audit Process
- Areas of Emphasis
- Reporting
- Questions
Eugene Water & Electric Board Presented November 4, 2014 Julie - - PowerPoint PPT Presentation
Eugene Water & Electric Board Presented November 4, 2014 Julie - - PowerPoint PPT Presentation
Eugene Water & Electric Board Presented November 4, 2014 Julie Desimone, Partner Keith Simovic, Manager MOSS ADAMS LLP | 1 AGENDA Communication Audit Process Areas of Emphasis Reporting Questions MOSS ADAMS LLP | 2
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COMMUNICATION
- Direct access to the Board
- Planning meeting
- Final Board presentation
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AUDIT PROCESS
- Risk assessment and internal control testing –
Week of December 8th
- Final audit fieldwork – February 16th and 23rd
- Reporting due – March 2015
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AREAS OF EMPHASIS
- WAM implementation
- Impact on internal controls
- Transfer of data from previous system
- Billings and revenue structure
- Power costs
- Power trading and derivatives
- Plant assets
- Job approval, costing and monitoring
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AREAS OF EMPHASIS
- Implementation of new P Card policy
- Prior year SAS letter comment follow up
- Which comments have been addressed?
- How have they been addressed?
- Walkthrough procedures to verify control updates
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REPORTING – NEW ACCOUNTING STANDARDS
- No new significant accounting or auditing standards
impacting the EWEB audit or EWEB’s financial statements for the year ended December 31, 2014.
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