| ENGAGEMENT COMPLETION CHECKLIST |  | |
| | |
| The table below presents a lists of tasks relating to a local auditee's reporting requirement to the Louisiana Legislative Auditor (LLA); | ||
| a link to the related document in the Louisiana Governmental Audit Guide (LAGAG), and a recommended deadline for completion. | ||
| | |
| Task | Related document in LAGAG | Deadline for completion |
| Address any correspondence regarding your agency’s reporting requirement to LLA | What Should I Do When My Agency Receives Correspondence from the Legislative Auditor? | If not stipulated in the correspondence, within five business days after receipt of the correspondence |
| Determine whether your agency should be reporting to LLA | Does My Agency Need to Report to the Legislative Auditor? | As soon as possible |
| Determine what kind of report your agency should provide to LLA | What Kind Of Report Does My Agency Need to Provide to the Legislative Auditor? | By three months before the end of the agency’s fiscal year |
| Choose a CPA firm to perform your agency’s engagement | Choosing A CPA Firm | Begin the process at least two months before the agency’s fiscal year end, with the goal of having a signed engagement agreement by the agency’s fiscal year end |
| Prepare for the audit, review/attestation or compilation engagement | Preparing for the Audit – Tips on Keeping the Cost of the Audit Down | By the start of fieldwork |
| Audit is performed | Performance of the Audit | From the start of the fieldwork through submission of the report to LLA |
| Provide the signed Louisiana Compliance or Attestation Questionnaire to the CPA firm | Louisiana Compliance and Attestation Questionnaires | At the start of fieldwork |
| Determine if your agency has any component units and how they will be reported | Component Units | At the start of fieldwork |
| Provide any regulatory agency reports to the CPA | Investigative Audits and Related Matters | At the start of fieldwork |
| Provide signed management representation letter to CPA | Management Representation Letters | At the end of fieldwork |
| Provide response to report findings and management letter comments | Findings and Management Letter Comments | No later than two weeks before report due date |
| Facilitate completion of audit and submission of report by CPA to LLA | How is My Agency’s Report Submitted to the Legislative Auditor? | Ongoing, with the goal of completion no later than two weeks before report due date |
| File an extension request if needed | Due Date of Reports and Consequences of a Late Report Extension Requests | Two weeks before report due date |
| Submit report to regulatory agencies after it has been issued by LLA | What Happens After the Legislative Auditor Receives My Agency’s Report? | Check LLA’s website every Monday to see if report has been issued |
| | |
| OTHER IMPORTANT INFORMATION AND LINKS TO DOCUMENTS: | | |
| Local Government Agencies and Quasi-Public Organizations (Local Auditees) | |
| What is an Audit? | |
| Generally Accepted Accounting Principles | |
| Generally Accepted Auditing Standards and Generally Accepted Government Auditing Standards | |
| Reporting for Local Governments | |
| Reporting for Nonprofits | |
| Independence of the CPA Firm Performing the Audit | |
| Responsibilities of the Local Auditee vs. Responsibilities of the CPA Performing the Audit | |
| Internal Controls | |
| What is Materiality? | |
| Reporting Fraud to the Legislative Auditor | |
| Legislative Auditor Assistance to Local Auditees | |
| Unresolved Findings and the Three Strikes Rule | |
| Disputes Between the Local Auditee and Their Auditor | |
| Newly Elected Officials | |
Engagement Completion Checklist
500-1010
- DISCLAIMER
Back to results