Financial Audit Services

The Vendor is required to provide financial audit services for fiscal years 2027 and 2028.
- Audit and audited reports
• Conduct an examination of community development administration (CDA's) financial statements sufficient in scope to allow the contractor to express its opinion that the financial statements are in accordance with generally accepted accounting principles, consistently applied, and present fairly the financial position as of June 30 and the results of operations and cash flows for the year then ended as required by generally accepted auditing standards.
• Management letters shall be issued within thirty days of the auditor’s report on CDA's financial statements;
• Generally accepted accounting principles (“GAAP”) promulgated by authoritative bodies, principally the governmental accounting standards board , during the period of the engagement and help CDA design procedures to implement such changes since CDA's financial statements are required to be in accordance with GAAP.
• Coordinate with the auditing firm undertaking the state comprehensive annual financial report audit to resolve any issues regarding the segment information required;
• Prepare triennially a programmatic review, including a review of the assistance provided and the families and persons assisted.
• The next triennial review is due for the fiscal year ending June 30, 2027 and should be performed as part of the audited report for the year ending June 30, 2027.