1. Finding Value in Your Audit Oregon Fire District Directors Assoc. Conference November, 2013

2. Overview What an audit is What an audit isn’t Is there value? Maximizing the process

3. What is an Audit? Different types Financial audit ◦ Opinion ◦ Risk-based ◦ Controls

4. Compliance Generally Accepted Auditing Standards Government auditing Standards A-133

5. What an Audit Is Not… Guarantee Absolute assurance 100% testing Fraud considerations

6. Is There Value? Definition of value… Beyond compliance Resource Communication Perspective

7. Maximizing the Process Selection Communication Preparation and follow through Oversight

8. Selection Request for proposals Criteria Due diligence

9. Communication Expectations Concerns Avoid surprises

10. Board Oversight Be involved Element of internal control Communication

11. Contact Information Rob Moody, Partner 503.274.2849 rmoody@tkw.com