Comprehensive Audit Services

The Vendor is required to provide for comprehensive audit services.
- Comprehensive audit may include:
•    The city is seeking the professional services of an experienced contractor to conduct a variety of audit and risk assessment services, on an as-needed basis, in response to requests from the city council. 
•    The audit services could include financial, compliance, operational, investigative, or other performance audits.
•    The audits should entail objective and systematic examination of evidence to include budget documents, financial reports, policies and procedures, and the municipal code to provide an independent assessment of the and management of a program or function against objective criteria.
•    The audits may entail a broad or narrow scope of work, apply a variety of methodologies, and involve various levels of analysis, research, or evaluation.
•    The work will be summarized in a report with findings, conclusions, and recommendations. 
•    A presentation to the city council may be requested.
•    The audits could encompass a wide variety of objectives, including assessing program effectiveness and results, economy and efficiency, internal control, compliance with legal or other requirements or other analysis.
•    The audits will provide information to improve program operations and facilitate decision making by parties with responsibility to oversee or initiate corrective actions and improve public accountability.
•    Conduct a risk assessment that considers all functions, strategic initiatives, and capital projects including but not limited to financial, operational, strategic, information technology and cybersecurity, and other key risks. 
•    Risks should be ranked on likelihood and impact, with high and moderate risk areas being included in the audit plan.
•    Commenting, reviewing and approving engagement letters.
•    Notifying the contractor to proceed with the assignment.
•    Conducting periodic progress meetings with the contractor, including level indicators.
•    Assigning additional work based on information obtained during the preliminary work.
•    Acting as a mediator between the auditee and the contractor.
•    Reviewing the contractor’s draft audit report (or other engagement product) and providing comments on the draft.
•    Reviewing the final draft report and notifying the contractor to finalize the audit report.
•    Participating in management activities and client surveys as appropriate.

- Contract Period/Term: 3 years
- Questions/Inquires Deadline: August 20, 2025