03-06-07 Item 2b4 Soul'
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To: Yvonne McKinley
City Manager
CITY OF SOUTH MIAMI
INTER - OFFICE MEMORANDUM
Date: March 01, 2007
South Miami
AFAoWMMY
11111
2001
4
From: Eliza Rassi Subject: Forensic Audit
Finance Director 4Q ri)
As it relates to recent discussions regarding Forensic Audits, I would like to provide some
additional information, which may be of some assistance.
The definition of `forensic' means suitable for use in court and a forensic audit is an
examination of evidence regarding an assertion to determine its correspondence to
established criteria carried out in a manner suitable to the courts.
Therefore, and in order to begin the process of properly advertising and determining the
qualifications of a suitable professional, it would be prudent to define the assertion in our
case, which for all intents and purposes should be the scope of this examin4on. A broad
scope without clear direction would be a lengthy and costly proposal.
Examples of scope could be:
Internal controls (general or specific)
Transaction processing
Examination of revenues, costs and expenses
Misappropriation of funds
Material errors
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