LAND - LAND SALES AND ACQUISITIONS BACKGROUND: The Land...

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Sheet1 Page 1 LAND SALES AND ACQUISITIONS BACKGROUND: The Land Office is located organizationally within the Community Affairs Department. This office is responsible for maintaining the records on all of the city's land holdings and rights of way. Most records are maintained manually with very little computer support. This office must work closely with the Accounting Department in order to capture all of the relevant costs associated with land sales and acquisitions. The city, over the years has been plagued with poor records which resulted in certain land assets recorded on the books but were not specifically identified. This has led to qualified opinions on the financial statements for the last several years. SCOPE: The scope of the audit will include transactions from the last several years. We will test the accuracy of the records maintained by the Land Office, and the internal control over land appraisal contracts. PLANNING: 1. Prepare an entrance letter and forward it to the Manager of the Land Office. 2. Conduct an in-house review of past audit files, budget documents, Service Level Summaries, and external auditors' reports. 3. Schedule an entrance conference with the Land Office Manager in order to discuss the upcoming audit. 4. Discuss the audit area with the Land Office Manager and obtain the name of the department contact person. Also secure a place from which to conduct the field work. 5.
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LAND - LAND SALES AND ACQUISITIONS BACKGROUND: The Land...

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