HomeMy WebLinkAboutAudit CCMemo 2012-02-09CITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Members of the
City Commission
From: Priscilla A. Thompson
City Clerk
Date: January 27, 2012
Subject: Audit Advisory Committee
References: Agenda for February 9, 2012
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.]
Two (2) appointments are required at this time:
• Vice Chairman Marc David Sarnoff has one (1) nomination for a seat currently held by:
1. Stanley Foodman, Chair, incumbent, whose term expires on March 10, 2012.
• Commissioner Wifredo (Willy) Gort has one (1) nomination for a seat currently held by:
1. Ignacio J. Abella, incumbent, whose term expires on March 10, 2012.
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 February 9, 2012,
Commission agenda.
PAT:th
c:
Robin Jones -Jackson, Assistant City Attorney
Elvi Gallastegui, Agenda Coordinator
Stanley Foodman, Chairperson