Professional Auditing Services

The vendor is required to provide annual audit of the financial records and transactions of the city by independent certified public accountants selected by the city commission.
- The city of royal oak desires the auditor to express an opinion on the fair presentation of the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information including the discretely presented component unit of the city of royal oak in conformity with generally accepted accounting principles.
- The auditor shall also be responsible for performing certain limited procedures involving required supplementary information required by the governmental accounting standards board as mandated by generally accepted auditing standards.
- The audit will comply with all applicable audit and financial reporting requirements, including those that may become effective during the course of the contract.
- If significant additional audit procedures are required that would cause a change in the proposed fees, a separate contract will be negotiated to address the additional requirements.
 - Time requirements:
A. Date audit may commence
• The city of royal oak will have all records ready for audit and all management personnel available to meet with the firm's personnel no later than the second week in October of each year or an alternate date mutually agreed upon by the finance director and the audit firm.
B. Date final report is due
• The audit review committee shall receive the draft annual comprehensive financial report for their review one week prior to the audit review committee meeting, which will take place at least 10 days prior to the first commission meeting in December.
• All issues for discussion are resolved at the audit review committee meeting and the final signed report shall be delivered to the finance director the following morning.
• It is anticipated that this process will be completed, and the final report presented to city commission at the city’s first meeting of December.
C. General information
• Provide the auditor with reasonable workspace, desks and chairs.
• Any technical capabilities (phone, access to the accounting system, and internet) requested by the audit firm will need to be made three weeks before arrival.
• The finance department staff and responsible management personnel will be available during the audit to assist the firm by providing information, documentation and explanations.
• The city shall provide electronic or hard copies of receipts, invoices, or documents when provided a list by the auditor.
• The city will prepare all required supporting work papers and confirmations.
• Final annual comprehensive financial report preparation, editing and printing shall be the responsibility of the auditor.
- Questions/Inquires Deadline: May 16, 2025