ORAL PRESENTATION FOR EXTERNAL AUDITING SERVICES BROWARD COUNTY, FLORIDA Solicitation R2112554P2 May 30, 2017 S. Davis & Associates, P.A. 2521 Hollywood Boulevard Hollywood, Florida 33020
I NTRODUCTIONS 2
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T HE SDA T EAM
ABOUT THE FIRMS/FIRM EXPERIENCE 5
S. D AVIS & A SSOCIATES , P.A • S. Davis & Associates, P.A. was incorporated in 1997 and is, now, one of the largest minority- owned 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 SDA partners served on • Previously served on Broward County Florida Board of Accountancy Government Audit and currently provide services to County Component Unit 6
S. D AVIS & A SSOCIATES , P.A 7
C B ORDERS -B YRD , 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 Owner served on Florida • Previously served on Broward County Board of Accountancy Government audit 8
C B ORDERS -B YRD , CPA LLC 9
BDO • National professional services firm providing assurance, tax, financial advisory and BDO US A, LLP S tatistics consulting services (as of and for the year ended June 30, 2016) • Founded more than 100 years ago, BDO has grown to serve clients through over 60 offices Revenues: $1.29 billion (22.9% increase over last year) • More than 500 independent alliance firm Business Line Breakdown: locations nationwide Accounting & Auditing 50% Tax 33% • Member of BDO International Limited, the Consulting/ Advisory 17% world’s 5th largest accountancy network Total Partners: 483 • Deep technical knowledge, relevant industry experience, and service-driven professionals, Total Professional Personnel (including our audit and tax services practices who 5,082 partners): provide responsive and proactive advice Total Personnel: 6,057 • Over $8 billion in revenues worldwide. Number of Offices: 60+ BDO US A offices • Serving the needs of the Florida business More than 500 independent Alliance firm locations community since 1974 and has served a nationwide. broad array of clients in the public sector and other industries 10
BDO 11
COMMITMENT 12
SDA T EAM ’ S C OMMITMENT TO B ROWARD C OUNTY 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
SDA T EAM ’ S C OMMITMENT TO B ROWARD C OUNTY 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
AUDIT APPROACH 15
A UDIT A PPROACH • 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 computer- assisted 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
A UDIT A PPROACH 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
IT APPROACH 18
I NFORMATION T ECHNOLOGY • 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
CONCLUSION 20
W HY THE SDA T EAM ? The SDA Team provides the lowest risk and the greatest benefit to the County. How? Why? Team members have experience on Team members have experience Broward County Government working together on previous audit engagements engagements Team makeup – two CBE firms and a SDA has no exceptions to the billion dollar international firm ranked County’s standard agreement, #5 worldwide including the indemnification clause Team members have significant Economic Development financial statement and federal and o CBE firms provide 65% of the state single audit experience hours and earn 65% of the fees Team members have significant o Prime and CBE subcontractor experience auditing clients in firms headquartered in Broward accordance with Government County Auditing Standards o Historically, over 80% of Prime and Team members have previously CBE contractor personnel reside in audited 100% of the County Units Broward County and federal/state programs 21
T HANK Y OU T HE SDA T EAM TRULY APPRECIATES THIS OPPORTUNITY TO MEET AND PRESENT OUR QUALIFICATIONS AS THE BEST FIRMS TO PROVIDE B ROWARD C OUNTY WITH FINANCIAL STATEMENT AND SINGLE AUDIT SERVICES . W E HOPE TO BE SELECTED AND WE LOOK FORWARD TO A MUTUALLY REWARDING RELATIONSHIP . WE WANT THE COUNTY’S BUSINESS. 22
2 South Biscayne Boulevard 951 Sansbury Way 2521 Hollywood Boulevard Suite 3200 Suite 203 Hollywood, Florida 33020 Miami, Florida 33131 West Palm Beach, Florida 33411 Telephone: 954 ‐ 927 ‐ 5900 Telephone: 305 ‐ 628 ‐ 1510 Telephone: 561 ‐ 547 ‐ 0545 Fax: 954 ‐ 927 ‐ 5927 Fax: 305 ‐ 628 ‐ 1595 Fax: 561 ‐ 253 ‐ 2747 Member: American Institute of Certified Public Accountants | Florida Institute of Certified Public Accountants
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