Internal Auditing Services

The vendor is required to provide internal accounting firm to perform the internal audit function for the city and other auditing services that may be requested by the city.
•    The auditor shall develop a risk assessment of the city’s primary operations. 
•    This assessment will identify the strengths, weaknesses, challenges and potential risk of city operations. 
•    An internal audit plan for the year will be identified based on the outcomes of the risk assessment.
•    The auditor shall test and evaluate a minimum of three areas within the city over a twelve-month period. 
•    These three areas should take into account risk, control weaknesses, size and complexity of operations. 
•    The conclusion of each evaluation, a report will be issued to the finance and administration committee of city council. 
•    The report shall include an executive summary, scope, background, significant findings of risk exposures and control deficiencies, recommendations for correcting each significant finding and management’s responses to these findings. 
•    A full risk assessment is not deemed necessary, the auditor shall test and evaluate a minimum of four areas within the city over a twelve-month period.
•    The auditor primarily responsible for the engagement must report to the finance and administration committee of city council as warranted or requested. 
•    This reporting will be both verbal and written.
•    The conclusion of the contract, the auditor shall provide the finance and administration committee with a recommended model for the city’s internal audit program taking into account the current budget for this function.
•    The event the internal auditor believes there is fraud and theft that has been or may have been committed by any city employee, then the auditor must immediately notify the chair of the finance and administration committee of city council, the city manager and the city attorney.

- Contract Period/Term: 1 year
- Questions/Inquires Deadline: October 31, 2025