Fiscal Year Audit Engagement Services

The Vendor is required to provide a single audit is required as a part of the annual audit, the audit shall be performed in accordance with institute.
- To determine whether the financial statements present fairly, in all material respects, the respective financial position of the governmental activities and the changes in financial position and, the budgetary comparison for the General Fund in conformity with accounting principles generally accepted in the country. 
- In addition, to determine whether the combining and individual non-major fund financial statements are fairly stated in all material respects in relation to the basic financial statements taken as a whole.
- To obtain an understanding of the five components of internal control that are sufficient to assess the risks of material misstatement of the financial statements whether due to error or fraud, and to design the nature, timing, and extent of further audit procedures. 
- Because an audit of a government’s financial statements is based on opinion units, the auditor’s consideration of internal control in assessing the risks of material misstatement should address each opinion unit. 
- The auditor should obtain a sufficient understanding by performing risk assessment procedures to (a) evaluate the design of control and (b) determine whether they have been implemented. 
- The auditor should use such knowledge to identify types of potential misstatements; consider factors that affect the risks of material misstatement; and design tests of control, when applicable, and subsequent procedures.
- In acquiring an understanding of and assessing internal control, the auditor should consider computer control as well as the control over manual portions of the system.
- To plan and perform the audit to obtain reasonable assurance about whether the financial statements, including note disclosures, are free of material misstatement, whether caused by error or fraud, and material misstatements arising from illegal acts that have a direct and material effect on the determination of financial statement amounts.
- To provide reasonable assurance of detecting material misstatements that result from violations of provisions of contracts or grant agreements that could have a direct and material effect on the determination of financial statement amounts or other financial data significant to the audit objectives.
- If specific information comes to the auditor’s attention that provides evidence concerning the existence of possible violations of provisions of contracts or grant agreements that could have a material indirect effect on the financial statements, the auditor should apply audit procedures specifically directed to ascertaining whether such violations have occurred.
- To ensure that audit documentation is prepared in sufficient detail to provide a clear understanding of the nature, timing, and extent of auditing procedures performed to comply with generally accepted government auditing standards and other applicable standards and requirements; the results of the audit procedures performed, and the audit evidence obtained; the conclusions reached on significant matters; and that the accounting records agree or reconcile with the audited financial statements.

- Contract Period/Term: 3 years
- Questions/Inquires Deadline: November 14, 2025