Financial and Compliance Audit Services

The Vendor is required to provide to interested independent certified public accounting firms to perform the annual financial and compliance audit of the city.
- Conduct an audit of the City’s financial statements in accordance with:
•    GAAS
•    Government Auditing Standards (Yellow Book)
•    State Comptroller Requirements
•    GASB Standards
- Issue all required reports, including:
•    Independent Auditor’s Report
•    Report on Internal Control and Compliance
•    Schedule of Findings and Questioned Costs
•    Management Letter (if applicable)
- Meet with management and the governing body to present audit results.
- The auditor will prepare the ACFR. The city will provide the transmittal letter, the management’s discussion and analysis, and the statistical schedules as required. The auditor shall file the ACFR with the state comptroller of the treasury and the single audit clearinghouse. The city will print final copies.
- The auditor shall, as part of the written audit report, submit to the city’s governing body a report containing an expression of an unqualified or modified opinion on the financial statements, as prescribed by the state comptroller’s audit manual and provide all “in-relation to” opinions.
- The audit may begin prior to June 30 of each year and shall be completed, and the report filed with the state comptroller of the treasury within six (6) months after the fiscal year-end.
- The auditor shall retain the working papers for no less than five (5) years, and they shall be available for review by the comptroller of the treasury or a designated representative or review by federal auditors.