ORAL PRESENTATION FOR EXTERNAL AUDITING SERVICES

Transcription

1 ORAL PRESENTATION FOR EXTERNAL AUDITING SERVICES BROWARD COUNTY, FLORIDA Solicitation R P2 May 30, 2017 S. Davis & Associates, P.A Hollywood Boulevard Hollywood, Florida 33020

2 INTRODUCTIONS 2

3 3

4 THE SDA TEAM

5 ABOUT THE FIRMS/FIRM EXPERIENCE 5

6 S. DAVIS & ASSOCIATES, P.A S. Davis & Associates, P.A. was incorporated in 1997 and is, now, one of the largest minorityowned certified public accounting and consulting firms in the southeastern United States Certified as a Broward County Business Enterprise (CBE) firm Headquartered in Broward County Florida offices in Broward, Miami-Dade, Palm Beach and Leon Counties Full range of audit, accounting, tax, information technology and consulting services Over 80% of audit services are provided to governmental entities Over 90% of audit services are completed in accordance with Government Auditing Standards Previously served on Broward County Government Audit and currently provide services to County Component Unit SDA partners served on Florida Board of Accountancy 6

7 S. DAVIS & ASSOCIATES, P.A 7

8 C BORDERS-BYRD, CPA LLC Cynthia Borders-Byrd launched C Borders- Byrd, CPA LLC after spending 4 years with the State of Florida Auditor General and 18 years with global public accounting firms Full service accounting firm primarily providing auditing, accounting, income tax preparation, and management advisory services Headquartered in Broward County Serves clients in Broward, Miami-Dade and Palm Beach Counties Certified as a Broward County Business Enterprise (CBE) firm Previously served on Broward County Government audit Owner served on Florida Board of Accountancy 8

9 C BORDERS-BYRD, CPA LLC 9

10 BDO National professional services firm providing assurance, tax, financial advisory and consulting services Founded more than 100 years ago, BDO has grown to serve clients through over 60 offices More than 500 independent alliance firm locations nationwide Member of BDO International Limited, the world s 5th largest accountancy network Deep technical knowledge, relevant industry experience, and service-driven professionals, our audit and tax services practices who provide responsive and proactive advice Over $8 billion in revenues worldwide. Serving the needs of the Florida business community since 1974 and has served a broad array of clients in the public sector and other industries BDO USA, LLP Statistics (as of and for the year ended June 30, 2016) Revenues: $1.29 billion (22.9% increase over last year) Business Line Breakdown: Accounting & Auditing 50% Tax 33% Consulting/Advisory 17% Total Partners: 483 Total Professional Personnel (including partners): 5,082 Total Personnel: 6,057 Number of Offices: 60+ BDO USA offices More than 500 independent Alliance firm locations nationwide. 10

11 BDO 11

12 COMMITMENT 12

13 SDA TEAM S COMMITMENT TO BROWARD COUNTY We are COMMITTED to performing quality work, delivering timely reports and ensuring that the County continues to attain the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA). Due to our team members knowledge of the Broward County Government, you will experience a SEAMLESS TRANSITION. 13

14 SDA TEAM S COMMITMENT TO BROWARD COUNTY The SDA Team has the qualifications, experience and knowledge to meet and exceed expectations. Our staff will have no scheduling conflicts and will deliver the CAFR and Single Audit reporting package on time. We have a low volume of 9/30 year end clients. We have already made a significant commitment to ensure that the County receives the highest possible quality and most responsive service possible. 14

15 AUDIT APPROACH 15

16 AUDIT APPROACH Communicate with key finance and accounting personnel immediately after contract execution and continuing throughout the year to address and resolve technical issues and any other concerns before year end and to avoid surprises Plan the audits financial statement and single - using a risk based approach Use recognized leading audit software tools to perform computerassisted auditing techniques to clerically test and age data files, select audit samples, and test calculations as well as to stratify data and perform exception reporting Review auditor s opinions and management letters and conclusions with County personnel prior to issuance 16

17 AUDIT APPROACH Value Added: The SDA Team is available for questions throughout the year. We will be a technical resource in implementing new Governmental Accounting Standards Board pronouncements, as applicable. We will provide 24 hours of continuing professional education to Broward County staff, of which a minimum of 16 hours will be in Governmental Accounting and Auditing. 17

18 IT APPROACH 18

19 INFORMATION TECHNOLOGY Our IT Team will review the County s general and accounting controls, both manual and automated. This is especially pertinent in the County s information systems environment, since the implementation and integration of the County s new ERP system. IT personnel will work closely with the engagement partner and managers to effectively analyze, document and communicate the system review. The results of the testing of the County s information systems environment will influence the nature, timing and extent of audit procedures in particular, those that relate to our testing and reporting of internal controls. BDO s IT personnel have experience in providing audit services to local governmental entities that have implemented PeopleSoft financial modules and understand potential challenges that may arise. 19

20 CONCLUSION 20

21 WHY THE SDA TEAM? The SDA Team provides the lowest risk and the greatest benefit to the County. How? Why? Team members have experience on Broward County Government engagements Team makeup two CBE firms and a billion dollar international firm ranked #5 worldwide Team members have significant financial statement and federal and state single audit experience Team members have significant experience auditing clients in accordance with Government Auditing Standards Team members have previously audited 100% of the County Units and federal/state programs Team members have experience working together on previous audit engagements SDA has no exceptions to the County s standard agreement, including the indemnification clause Economic Development o CBE firms provide 65% of the hours and earn 65% of the fees o Prime and CBE subcontractor firms headquartered in Broward County o Historically, over 80% of Prime and CBE contractor personnel reside in Broward County 21

22 THANK YOU THE SDA TEAM TRULY APPRECIATES THIS OPPORTUNITY TO MEET AND PRESENT OUR QUALIFICATIONS AS THE BEST FIRMS TO PROVIDE BROWARD COUNTY WITH FINANCIAL STATEMENT AND SINGLE AUDIT SERVICES. WE HOPE TO BE SELECTED AND WE LOOK FORWARD TO A MUTUALLY REWARDING RELATIONSHIP. WE WANT THE COUNTY S BUSINESS. 22

23 2521 Hollywood Boulevard Hollywood, Florida Telephone: Fax: South Biscayne Boulevard Suite 3200 Miami, Florida Telephone: Fax: Sansbury Way Suite 203 West Palm Beach, Florida Telephone: Fax: Member: American Institute of Certified Public Accountants Florida Institute of Certified Public Accountants