The Vendor is required to provide services of the independent auditor (the “auditor”) shall generally consist of performing external audit services as independent auditors for the authority.
- The services shall include planning, performing, and reporting on audits
- Audits shall be planned and performed in a way which provides an opinion and reasonable assurance that the reports have no material misstatement whether caused by error or fraud.
- Audits shall include an examination, on a test basis, of evidence supporting the amounts and disclosures in the reports and schedules.
- Audits must consider the Authority’s internal control and assess control risk, as required by generally accepted auditing standards and government auditing standards issued by the comptroller general of the country, necessary for expressing an opinion.
- In reporting on the Authority’s internal control and the assessment of control risk as part of the audit the following should be included, at a minimum:
• The work in obtaining an understanding of the authority’s internal control and in assessing the control risk, and
• The reportable conditions, including the identification of material weaknesses identified as a result of the work performed in understanding and assessing the control risk.
- The Independent Auditor must disclose in writing, all relationships between itself and the Authority (including its related entities) that may reasonably be thought to bear on its independence.
- The services of the auditor shall be performed in accordance with a staffing analysis prepared by the auditor and approved by the authority.
- Contract Period/Term: 2 years
- Intent to Bid Due Deadline: December 01, 2025
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