![]() ![]() Unlimited Representation Rights: Enrolled agents (EA), certified public accountants (CPA), and attorneys (ATTY) have unlimited representation rights before the IRS. An important difference in the type of tax professionals is “representation rights”. However, tax professional differ by level of skills, education, and expertise. The new arrangement also allow for the The Pun Group to audit financial statements for the next two years.A tax professional with a IRS Preparer Tax Identification Number (PTIN) is authorized to prepare federal tax returns for you. ![]() WVWD received bids from several accounting firms including Moss, Levy & Hartzheim, LLP and Rogers, Anderson, Malody & Scott, LLP. The WVWD issued a request for proposal for qualified firms of certified public accountants on Apand required firms to respond by May 4, 2020. The Pun Group will also incorporate a statistical section within the financial report which includes a detailed analysis of all revenues and expenses, as well as local economic indicators. These reports include a review of a sample of employee payroll records to verify compliance with California Public Employee’s Retirement System (CalPERS) regulations, a review of a sample of accounts payable and payroll to verify compliance with federal and state sales tax and income tax requirements and a review of a sample of Board of Directors expenses to verify compliance with District Ordinance 85, which sets compensation policies and procedures related to board activities. To ensure further accountability for ratepayers, WVWD has also arranged for The Pun Group to render several additional reports. The CAFR includes introductory, financial, required supplementary and statistical sections. After the audit is complete a Compressive Annual Financial Report (CAFR) is prepared to document the audited results. The audit includes a review all of the WVWD financial activities for compliance with Generally Accepted Accounting Principles (GAAP) in accordance with standards established by the Governmental Accounting Standards Board (GASB). WVWD conducts an annual audit of the organization’s financial activities. SARC is a resource library and trade association of professionals focused on improving the efficiency and quality of single audit engagements. In 2018, The Pun Group received the Single Audit Resource Center’s (SARC) Award for Excellence in Knowledge, Value and Overall Client Satisfaction in 2018, which is given to audit firms that provide outstanding service, based on client reviews. The firm maintains offices in Orange County, Bay Area, San Diego, Las Vegas and Phoenix and serves industries and governments throughout California, Nevada and Arizona. I am confident they will hold our board, management and staff accountable for our ratepayers.”īased in Orange County, The Pun Group is a full-service certified public accounting firm that provides accounting, auditing, tax and advisory services to public agencies as well as private sector companies. The Pun Group is highly respected and an award-winning auditing firm. Michael Taylor stated, “We are committed to protecting our ratepayers by ensuring our Water District remains fiscally responsible and in compliance with all requirements. This includes the WVWD’s approximately $30 million operating budget and $13 million capital improvement budget, which fund water services for 31 square miles within Counties of San Bernardino and Riverside through approximately 23,000 water service connections.ĭirector Dr. The firm is charged with providing an opinion on WVWD financial statements and keeping board members and management updated with best practices and new developments affecting special district accounting and reporting policies. WVWD selected The Pun Group to audit the agency’s financial statements for the fiscal years ending June 30, 2020, Jand June 30, 2022. I look forward to making the final report available to our ratepayers for their review.” Clifford Young stated, “This is an additional step we are taking in our reform measures by making certain we seek competitive proposals from well-qualified and experienced firms. In an effort to continue improving and providing better transparency and accountability for ratepayers, the West Valley Water District (WVWD) Board of Directors approved the selection of The Pun Group, LLP as a certified public accountant to audit its finances and ensure compliance for the next three fiscal years.ĭirector Dr. ![]()
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