FOOTHILL-DE ANZA COMMUNITY COLLEGE DISTRICTOffice of the ChancellorAUDIT & FINANCE COMMITTEE MEETINGMINUTESFEBRUARY 6, 2006PresentRobert Grimm, Pat Millar, Kent Peterson, Hal Plotkin, Bruce Swenson, Delia YbarraAbsentnoneOthersMike Brandy, Claudette Brero-Gow, Debbie Budd, Bernadine Fong, Jim Klingensmith, MargaretMichaelis, Jon O’Bergh, Hector Quinonez, Bernata Slater, Tonette Torres, Bret Watson, GloriaWu1. INTERVIEWS FOR EXTERNAL AUDIT FIRM AND RECOMMENDATION TO BOARDOF TRUSTEESThe Committee discussed the process for asking the interview questions and, at Plotkin’ssuggestion, agreed to ask the same initial questions to each firm with follow-up questions asneeded. Each of the four audit firms were then interviewed sequentially. Paul Peterson,representing Armanino McKenna, gave a brief statement and responded to questions. TomPerry-Smith, Justin Williams and Tina Trice from Perry-Smith LLP next gave a brief statementand responded to questions. Rudy Vargas of Vargas & Company next gave a brief statement andresponded to questions. Finally, Terri Montgomery, representing Vavrinek, Trine & Day, gave abrief statement and responded to questions.Following the interviews, Plotkin initiated discussion by asking input on whether the Committeeshould recommend a policy of mandatory rotation of audit firms. Brandy discussed the pros andcons of such an approach, recommending a Request for Proposal (RFP) process every five yearsbut no mandatory rotation ...
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