Independent Financial Audit Services

The Vendor is required to provide independent Certified Public Accounting (CPA) firms (“Proposers”) to provide professional financial and compliance audit services.
- Provide to establish a contract for audit services for the City’s financial statements for designated fiscal years, with the potential for annual renewals subject to performance, mutual agreement, and the availability of appropriated funds.
- Department is responsible for:
• Financial reporting
• Budget administration
• Internal controls
• Compliance with applicable regulatory requirements
- Awardee will work closely with City staff to support the completion of annual financial audits and related reporting requirements.
- Relevant financial documents, prior audit reports, budgets, and supporting materials may be made available to Proposers upon request or at a designated time, as determined by the City.
- Additional documents relevant to this procurement, including prior audit reports, financial statements, and related materials, may be made available to prospective proposers upon request through the designated Procurement Contact.
- Provide a preliminary audit work plan and anticipated schedule for completion of fieldwork, draft reporting, management review, and final report issuance.
- The audit of the City’s financial statements as presented within the City’s Annual Comprehensive Financial Report (ACFR), which is prepared by the City in accordance with Generally Accepted Accounting Principles (GAAP).
- The Auditor’s responsibilities shall include evaluating the financial statements contained within the ACFR and ensuring that they are fairly presented, in all material respects, in conformity with applicable accounting standards.
- Provide professional guidance, as appropriate, regarding financial reporting requirements, presentation, and compliance with applicable standards, including those established under GAAP and Government Auditing Standards.