Audit Services

The Vendor is required to provide of certified public accounts to audit its financial statements for the fiscal years ending June 30, 2025, 2026, 2027, with Authority option to renew for 2028 and 2029.
- Services include:
• Plan and perform an audit to obtain reasonable rather than absolute assurance about whether the financial statements are free from material misstatement, whether caused by error or fraud
• Perform tests of documentary evidence supporting the transactions recorded in the accounts, which may include tests of the physical existence of inventories and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, creditors, and financial institutions.
• Perform tests of the authority’s compliance with applicable laws and regulations and the provisions of contracts and agreements.
• Review the internal accounting controls of the authority to the extent necessary to evaluate the system as required by applicable standards.
• Inform the general manager and accounting and finance manager of any matters involving internal control and its operation that the auditor considers to be reportable conditions under applicable standards.
• Prepare the annual financial report, including footnote disclosures.
• Conduct a joint meeting of both authorities’ advisory/audit committees post-audit upon publication of the financial statements and related reports.
• Include provisions for dealing with extraordinary circumstances discovered during the audit that may require an expansion of audit work beyond that which was originally planned.
• Annual audited financial statements.
• Letter of comments and recommendations about the audit of the financial statements.
• Management report with input from administration summarizing findings and recommendations.
• Report on the internal accounting and administrative controls employed by the authority including recommendations.
• Post-audit meeting prior to finalization of the audit report with general manager and accounting and finance manager to review drafts of the financial statements and management report.
- Contract Period/Term: 3 years