Water Districts You will receive services from professionals who focus a majority of their time on water companies. Our firm has formed this group so individual practitioners' time, experiences, and training are concentrated on water clients and the unique accounting and regulatory challenges inherent in the industry. Our focus of resources and talent ensures you work with professionals knowledgeable about the issues and conditions you face. You receive high-level industry specific advice and consultation. We are genuinely excited about the water industry and have a long-term commitment to the area.

We are keenly aware of the changes, new challenges and demands of providing water. These growing demands and challenges provide real incentives for our clients to align themselves with a firm that commands the resources and specialization to meet these needs. This is the premise behind our niche strategy. It simply allows us to best serve our client's needs through committed and dedicated professionals who care about and thoroughly enjoy the industry they choose.

Our approach to your audit takes into consideration our utility experience tempered by the characteristics unique to you. We understand the unique elements of billing. We understand how inventory plays a very different role for a water company. That is why we rarely observe the counting unless requested by the client. We approach the process by assessing the high-risk areas and focusing the audit time and effort there. For a water district, these areas might include accounts receivable, debt, travel and entertainment expenses and water supply contracts. Analysis of your internal controls, especially billings and cash disbursements, is also very important. This risk based audit approach focuses our efforts on what is important to you and enables us to present you with meaningful suggestions.

What does all this mean for the audit? It means we approach the engagement well aware of the risks and truly important areas to be verified during the audit process. It means the "soft costs" of the audit are minimized. We won't burden your internal staff with unnecessary questions, interruptions and training time to acquaint us with the industry. We are knowledgeable and ready to execute the engagement from day one. It means you receive an efficient and effective process that thoroughly addresses the key areas necessary for a utility to operate soundly. It means you receive relevant business advice and sound recommendations that are in place and operating in the real world.

Additionally, a team of seasoned professionals with a combined audit experience of 45 years will serve you. Therefore, your staff will not be burdened with inexperienced auditors asking unnecessary questions. Instead, we focus the audit process on high - risk areas and fraud risk factors. Communication is also stream - lined, as you will be working directly with the decision makers.