The vendor required to provide professional auditing services for the three fiscal years beginning with the fiscal year ending June 30, 2026, with the option of auditing its financial statements for each of the two (2) subsequent fiscal years, in addition to performing other financial audits and reviews.
- The audit firm will also apply limited audit procedures to management’s discussion and analysis (MD&A) and required supplementary information pertaining to the general fund and each major fund of the city.
- The audit firm shall perform a single audit on the expenditures of federal grants in accordance with office circular a-133 and render the appropriate audit reports on internal control over financial reporting based upon the audit of the city’s financial statements in accordance with government auditing standards and the appropriate reports on compliance with requirements applicable to each major program, internal control over compliance and on the schedule of expenditures of federal awards in accordance with office circular a-133.
- The audit firm shall perform agreed-upon auditing procedures pertaining to the city’s limit (appropriations limit) and render a letter annually to the city regarding compliance.
- The audit firm shall issue a separate “management letter” that includes recommendations for improvements in internal control, accounting procedures and other significant observations that are considered to be non-reportable conditions.
- The auditor shall provide financial advice and counsel on significant matters occurring throughout the year that would affect the annual reports and sound accounting practices and complete the governmental disclosure checklist.
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