HomeMy WebLinkAboutAudit MemoCITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Members of the
City Commission
From: Priscilla A. Thompson
City Clerk
Date: November 12, 2009, 2009
Subject: Audit Advisory Committee
References: December 17, 2009 Agenda
Enclosures: List of members
The Miami Audit Advisory Committee was created to: (1) Review the annual audit of City accounts performed by the
independent auditor; (2) Review the annual management letter developed by the independent auditor; (3) Review the system
of internal control utilized by the City; (4) Review the City's compliance with the Municipal Finance Officers' Association
guidelines and requirements; (5) Review internal audit reports where it is felt by the internal auditor that fraud or criminal
conduct may be involved, to the extent that it does not compromise criminal investigations; (6) Review the City Manager's
recommendation for selection of an independent auditor, if requested by or directed by the City Commission.
Please be aware that City Code Section 2-947 states in part:
"All members shall be qualified and distinguished by their education, experience and attainments in
the accounting profession, the practice of law, banking or business management. Members of the
committee shall be selected from among the following:
(a) A controller or chief financial officer of a large commercial enterprise (with size measured by
dollar sales/revenue volume);
(b) A commercial or investment banker associated with a large financial institution;
(c) A practicing certified public accountant (if not a certified public accountant, then an
accountant who shall have managed an accounting practice employing at least ten (10)
individuals)." [Emphasis added.]
One (1) appointment is required at this time:
• Vice Chairman Carollo has one (1) nomination for a seat currently held by:
1. Vacancy (due to the resignation of Raquel Dawson).
For your convenience, included is a copy of the current membership of said committee. By copy of
this memorandum, we are requesting the Agenda Office to place this issue on the December 17, 2009
Commission agenda.
c: Victor Igwe, Auditor General
Robin Jones -Jackson, Assistant City Attorney
Elvi Gallastegui, Agenda Coordinator
Stanley Foodman, Chairperson