Professional Certified Public Accounting Services

The vendor is required to provide that professional certified public accounting services from qualified, independent certified public accountants or accounting firms to audit and assist in the preparation of the board’s audited financial statements of the funds.
-The audit and the audited financial statements shall be performed and produced in accordance with all of the following requirements and standards:
•Generally accepted accounting principles (GAAP);
•Governmental accounting standards board (GASB) requirements;
•Financial accounting standards board (FASB) pronouncements;
•Government auditing standards;
•Auditing standards generally accepted in the united states of america; and
•Comptroller’s annual financial reporting requirements.
-The audited financial statements shall include an opinion on the financial statements of the funds, which include financial statements of business-type activities, discreetly presented component units, fiduciary funds and each major fund.
-The audited financial statements shall also include a report on the consideration of the board’s internal control over financial reporting and tests of its compliance with provisions of laws, regulations and contracts.
-May include, but not necessarily be limited to, comments, observations, findings, and recommendations on internal accounting controls, operational controls, policies and procedures, planning, budgeting and cash management considerations and other aspects improvements might result in savings, efficiencies, or strengthened internal controls.
-The plan manager and program manager agreements require to contract for separate financial statement audits of the savings plans.
-Contract Period/Term: 1 year