{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

CAPAC - CONTRACT ADMINISTRATION BACKGROUND The city will...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Sheet1 Page 1 CONTRACT ADMINISTRATION BACKGROUND: The city will expend $ _____ million on capital items in 19XX. Non-enterprise fund projects, administered by the Department of Public Works, will be $ _____ million. The enterprise funds of Water and Sewer expect to spend $_____ million for the same period. All major capital construction is done by private contractors payments to contractors and contract compliance. This audit will not cover those capital projects funded by the federal government. In addition, we will limit our analysis of the job cost accounting system to proper classification of work orders. SCOPE: The audit period is from _____ to _____ for test work and as of the last day of the field work for internal control. PLANNING: 1. Prepare and send an entrance letter to the Director of Finance and to the Public Works Director. 2. Prepare a planning program and budget for the preliminary survey work. 3. Discuss the audit area with your team leader and obtain approval on the planning stage of the audit. 4. Schedule and hold an entrance conference with the Public Works Director in order to discuss the upcoming audit. Obtain the name of the department contact person. Also secure a work place from which to conduct the field portion of the audit. 5. Review relevant background material on the subject matter such as the city budget, external and internal audit files and past reports. Obtain any management reports prepared by the Department of Public Works. 6. Conduct the preliminary survey and prepare a flowchart showing the major paper flow and current procedures. 7. Confirm your understanding of the work order system by walking through a few sample transactions. Revise documentation, if necessary.
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern