Walked through clients control environment and searched for potential financial risks
Created Excel models to analyze account fluctuations and validated clients financial models/schedules
Measured the fair market value of the client's assets based on the three valuation levels of SFAS 157
Analyzed clients investment pools and verified their compliance with regulations in terms of credit rating, investment categorization, risk identification and gain/loss reporting
Audited 60% of the municipal bonds and all the commercial papers issued by the City of Los Angeles: investigated bond-related transactions with escrow agents, trusts and investors; tested the accounting of interest expenses, premium/discount amortization, arbitrage yield, etc.
Representative clients: City of Los Angeles, Municipal Improvement Corporation of Los Angeles (MICLA), Southern California Edison