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Village of Gowanda Audit Proposal For the Year Ended May 31, 2026 Presented by: R.A. Mercer & Co., P.C. to sixty items, depending on the size of the balance, or the number of transactions in the population, being sampled. In addition, we use analytical procedures during our audit engagements to audit many revenue and expense accounts. We will perform preliminary analytical procedures at the beginning of the audit, which will assist us in assessing risk and in highlighting any anomalies that may exist which would lead us to perform more extensive auditing procedures during fieldwork. We may also use analytical procedures in other substantive testing throughout the audit. We will also perform analytical procedures at the end of fieldwork which will assist us in wrapping up the financial statements an ensuring that the overall balances are accurately stated. We believe that if the package of client-prepared schedules customarily pravided to the auditors is available prior to our fieldwork commencement, timely completion within established deadlines will be achieved. We would work closely with Village staff to complete the audit procedures in an efficient and effective manner. The key to an effective professional relationship is the ability to establish proper and continuous communication channels in order to: e Ensure the appropriateness of planned procedures; ¢ Deal with recommendations in a constructive and timely manner; and e Be aware of changing conditions and circumstances and adapt as required, Within this context, it is our responsibility to keep our clients informed of significant accounting issues. We believe this attitude is a no-surprise approach to client service, and allows us to focus on what is relevant and important. Our communications will highlight emerging issues and will provide forums in which we can discuss and resolve any matters that deserve special attention. Furthermore, we will place particular emphasis on periodic meetings between management and the R. A. Mercer engagement team. Such meetings will give the Village a means of understanding our approach and plans, and will enable them to give us feedback on how we can provide the best possible services. All matters involved in the review of audit working papers, drafting of the audit report, and resolutions of the technical aspects of the final report are supervised, reviewed, and approved by a partner. If appropriate, the partner also conducts an exit conference and the review of report drafts, including management letter recommendations.