External Audit Services

The Vendor is required to provide to have an independent annual audit of the combined financial statements of the County and related entities.
- A communication to those charged with governance setting forth any weaknesses or opportunities for improvement in the county operations and procedures shall be provided as a result of the auditor's study and evaluation of the county's system of internal accounting controls, legality of actions, other instances of noncompliance with laws and regulations, and any other significant or material matters in accordance with the requirements of government.
- The County may experience a change in the number of major programs subject to audit due to federal funding received for natural disasters that may occur during the contract period.
- Reports necessitated by public offering document. From time to time, the County may issue tax exempt bonds through a public offering. If the County issues tax exempt bonds, it would require a consent to include the most current audited financial statements in the offering document and issuance of an agreed upon procedures report for any unaudited interim financials included in the Official Statement.
- The report must state whether the examination disclosed instances of significant noncompliance with laws and regulations. Findings of ineligible expenditure shall be presented.
- The government-wide financial statements are prepared using the economic resources measurement focus and the accrual basis of accounting. Fund financial statements are prepared on the modified accrual basis of accounting. All proprietary funds, including the enterprise and internal service funds, and fiduciary funds are accounted for using the accrual basis of accounting.
- PeopleSoft modules are installed:
• General Ledger
• Accounts Payable
• Fixed Assets
• Materials Management
• Purchasing
• Payroll and Human Resources
• Grants
- Office staff prepares all financial statements and assists with preparing necessary work papers.
- Billing rates by staff level and estimated hours for the audit engagement must be provided.
- There must be reconciliation at the conclusion of the audit as to hours incurred, rates per hour, total fees and expenses.