HomeMy WebLinkAbouthm auditCITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Members of Date: September 24, 2003
the City Commission
Subject: Miami Audit Advisory
Committee
From: Priscilla A. Thompson References: October 9, 2003 Agenda
City Clerk
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)."
Two appointments are needed at this time:
• *Commissioner Gonzalez has one nomination for seat currently held by Ignacio Abela,
whose term expired on May 5, 2003.
• Vice Chairman Teele appointed Angela Frederick on July 17, 2003. Ms. Frederick needs a
waiver, by a four -fifths affirmative vote of the Commission, of Section 2-884(b) of the City
Code, which requires that board members either reside in the city, own real property in the
city or maintain a business in the city.
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 October 9,
2003 Commission agenda. *This matter was deferred from the May 8, 2003 and July 17, 2003
Commission meetings.
PAT:ss
c: Victor Igwe, Liaison/Director, Internal Audits Department
Rafael Diaz, Assistant City Attorney
Elvi Alonso, Agenda Coordinator
Joy Intriago, Chairperson