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SECTION 4:SI'ECIF.tC AU41T /�PAROACH AND METHODOLOGY, <br />Our EDP Audiiing <br />Approach <br />MGO's engagement team <br />includes an EDP consultant that <br />will examine the integrity and <br />reliability of financial systems from <br />different angles. Our approach <br />uses a comprehensive assessment <br />of the various aspects of the <br />IT environment that affect the <br />accuracy and completeness of <br />financial data. We conduct our <br />assessments using custom tailored <br />tools that take into consideration <br />the complexity and unique nature <br />of our client's operations. Our <br />evaluation and assessment is <br />based on physical observation <br />and testing, qualitative and <br />quantitative assessments, reviews <br />of documentation and actual <br />practices, and other IT performance <br />data. Our recommendations are <br />based on industry best practices <br />and use our industry knowledge of <br />similar entities to produce practical <br />solutions that affect positive <br />change. <br />Our consultant will provide the audit team the information and tools necessary <br />to evaluate the strengths and weaknesses of the City's electronic data <br />processing (EDP) controls. This information is used by the assurance team to <br />develop its audit plans and determines how the team executes its financial <br />statement audits. Our review of the EDP general controls encompasses the <br />following areas: <br />36 taaefioe.ea•r�a�omnx <br />�I <br />