The Vendor is required to provide certified public accountants to audit the district’s financials and the preparation of its financial statements for the fiscal year ending June 30, 2027, with an option to renew for the fiscal years ending June 30, 2028, 2029, 2030 and 2031.
- The District desires the auditor to express an opinion on the fair presentation of its financial statements in conformity with generally accepted accounting principles.
- The accounting and financial reporting functions of the District are centralized. The District’s accounting and financial reporting functions are computerized and fully integrated. Multiple employer, public employee retirement systems. In addition, the District administers IRS Section 403(b), 457 and 125 plans for its employees.
- Reporting to the Board of Education. Auditors shall assure themselves that the District’s governing board is informed of each of the following:
• The auditor’s responsibility under generally accepted auditing standards.
• Significant accounting policies.
• Management judgments and accounting estimates.
• Significant audit adjustments.
• Other information in documents containing audited financial statements.
• Disagreements with management.
• Management consultation with other accountants.
• Major issues discussed with management prior to retention.
• Difficulties encountered in performing the audit.
- The auditors will meet with the audit committee and board of education to review the annual audit (if requested) and present at a public board of education meeting.
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