External Auditing and Compliance Services

The vendor is required to provide certified public accounting firms duly licensed under chapter 473 and qualified to conduct audits in accordance with government auditing standards.
- The internal audit function reports to the city commission and is staffed by three employees.
- The city’s internal audit department is available to provide up to 300 hours of assistance to the external auditor. Such assistance may include providing documentation, supporting schedules, and other audit-related support as requested.
- The external auditor may consider the work of the internal audit department in accordance with applicable auditing standards; however, the external auditor shall independently evaluate and determine the extent of reliance, if any. The external auditor shall remain solely responsible for all audit procedures, judgments, and opinions.
- The city desires the independent auditor to express an opinion on the fair presentation of the city's basic financial statements in conformity with generally accepted accounting principles.
- The city also desires the auditor to express an opinion on the fair presentation of its government-wide and fund financial statements and schedules in conformity with generally accepted accounting principles. The auditor is not required to audit the supporting schedules contained in the annual comprehensive financial report.
- The auditor is to provide an "in-relation-to" opinion on the supporting schedules based on the auditing procedures applied during the audit of the government-wide and fund financial statements and schedules. The auditor is not required to audit the introductory or statistical sections of the report.
- The auditor shall also be responsible for performing certain limited procedures involving required supplementary information required by the governmental accounting standards board, as mandated by generally accepted auditing standards.
- The auditor is required to examine the report of surtax-funded municipal transportation projects, in accordance with the surtax agreement and applicable reporting standards.