Pre-Auditing Services

The vendor is required to provide that pre-auditing services for include:
• Reconcile beginning fund balances to audited financial statements and propose adjustments as necessary
• Annual preparation of accrual entries including reversing entries for prior year accruals
• For all significant balance sheet accounts, compare balances per the trial balances to supporting documentation and propose adjustments as necessary
• Perform broad analytical review of income and expense accounts as compared to the previous year and propose adjustments as necessary
• Perform reconciliations of federal and state funding per the APA’S cars reports to trial balance and propose adjustments as necessary.
• Capital asset assistance
• Prepare adjustments for debt service payments so long-term debt transactions are properly reported. • Prepare documentation of all procedures performed to be maintained for use by auditors
• Preparation of information for accrual basis trial balances
• Obtain state retirement system snapshot download data and 68 data from client to assist with calculation of net pension liability and deferred amounts.
• Obtain other post-employment benefit (OPEB) actuarial valuations, as applicable, from client to assist with calculation of net OPEB liability and deferred amounts
• Assist staff with summarizing and submitting lease data for subscription-based information and technology asset information, as necessary
• Inquire of staff whether there are any known transactions that may not have been recorded properly and propose adjustments as needed
• Journal entries will be provided to client staff in a standard format for entry into the county’s accounting software system
• In coordination with auditors, assist with implementation of statements issued by the financial and governmental accounting standards board
• Assist with training staff on the above listed procedures, as desired
• Other assistance to prepare for the annual audit to be agreed upon during engagement planning.
• Provide costs associated with monthly and/or annual services that can be provided on the items listed above that can assist with pre-auditing services.
• Pre-audit services shall be completed in a timely manner to ensure that the information is provided to the auditor so that the audit field work can be completed by October 15 of each year.
• Will act as the county’s representative in the audit process, which will include but not be limited to:
1. Meet with auditors and county personnel to determine the timing of the audit information required by the auditors, and the audit process
2. Review, analyze, and determine the necessity of any proposed adjustments or additional disclosure requirement
3. The county in the implementation of any auditor recommendations regarding internal controls.
- Questions/Inquires Deadline: March 14, 2025