Audit Services

The vendor is required to provide experience in auditing to examine and state an opinion on its financial statements for its fiscal years 2025.
- Audit to include:
• The audit does include the custodial funds held by the tax commissioner for municipalities and the board of education, as well as custodial funds held by the courts.
• Depending on the custodian, there are different accounting systems, and they totaled about $1.2 billion in additions as of September 30, 2024.
- Accounting system and records
• This governmental system is a fully integrated accounting system that includes purchasing, budgeting, grants and projects accounting, inventory management and fixed assets.
• The county also uses the advantage HR product for payroll with the results interfacing into advantage financial.
• The county's accounting records are maintained on an accrual or modified accrual basis, and the county makes every effort to record all payables and receivables existing at year-end.
• The accounts payable system is operated in a dual-year processing mode for three weeks following year-end with all payments for prior year services charged directly to the prior year
• The advantage financial system is operated in the dual-year mode for an additional three to four weeks longer, allowing additional prior year payments to be journalized to the prior year by county staff.
• The general accounting division manager is responsible for audit coordination and will be available as needed to confer with audit staff, answer questions and ensure that necessary information is provided to the auditor on a timely basis.
- Type of audit and audit objectives
• An examination and expression of opinion on the fair presentation of the basic financial statements in conformity with generally accepted accounting principles (GAAP).
• The examination must be performed in accordance with generally accepted auditing standards (GAAS) as set forth by the american institute of certified public accountants, the single audit act amendments of 1996, the provisions of OMB circular a-133, and the government auditing standards issued by the country general accounting office.
• The auditor is not required to audit the supporting schedules contained in the annual comprehensive financial report.
• The auditor is to provide an "in-relation-to" report on the supporting schedules based on the auditing procedures applied during the audit of the basic financial statements.
• The auditor shall be responsible for performing certain limited procedures involving supplementary information required by the governmental accounting standards board as mandated by generally accepted auditing standards.
• The auditor is not required to audit the schedule of federal financial assistance.
• The auditor is to provide an "in-relation-to" report on that schedule based on the auditing procedures applied during the audit of the financial statements.
- Contract Period/Term: 3 years
- Pre-Proposal Conference Date: June 11, 2025
- Questions/Inquires Deadline: June 17, 2025