Independent Auditing Services

The vendor is required to provide certified public accounting firms to negotiate for the audit of the city’s financial statements for the fiscal years 2025 through 2031.
- Work objective
• The auditor to express an opinion on the fair presentation of its financial statements in conformity with accounting principles generally accepted in the country.
• The auditor shall also prepare required management reports and any other reports as may be required.
• The auditor shall also perform certain limited procedures involving required supplementary information as may be required by state statutes, the state auditor general, the governmental accounting standards board and the institute, as mandated by accounting principles generally accepted in the country.
• Irregularities and illegal acts: auditors shall be required to make an immediate, written report of all irregularities and illegal acts of which they become aware to the city manager and the city commission.
• Special consideration: the city submits its annual comprehensive financial report (ACFR) to the government finance officers association of the country for review in its certificate of achievement for excellence in financial reporting program.
• The auditor shall be required to provide special assistance to the city to ensure that the ACFR will meet the requirements of that program.
• The time requirements will necessitate a degree of advance planning and audit methodology.
• Audit firms are required to consider these time requirements and disclose the means by which their audit approach will adhere to these schedules.
- Time requirements
• Commencement of audit: the city will have all records ready for audit and all management personnel available to meet with the firm's personnel no later than January 1 each year.
• Schedule for the fiscal year audit: each of the following shall be completed by the auditor no later than the dates indicated.
o Audit plans: the auditor shall provide a firm, detailed audit plan to the city for fiscal year end no later than one month after award of this RFP and execution of the agreement
o Fieldwork: the auditor shall complete all fieldwork on site in sufficient time to meet guidelines for filing the city’s ACFR with the governmental financial officers association by march 15, each year.
o Issuance of reports and financial statement attestation: the auditor shall have ready for publication all reports denoted no later than march 15 each year.
o Entrance conferences, progress reporting and exit conferences: there shall be an entrance conference with key finance department personnel no later than the month of September each year.
- Contract Period/Term: 3 years
- Non-Mandatory Pre-Bid Meeting Date: June 19, 2025
- Questions/Inquires Deadline: June 27, 2025