The vendor is required to provide financial auditing services.
- The auditor shall audit the statements of net assets, statements of revenues expenses, and changes in net assets and statements of cash flows for the purposes of expressing an opinion on the fair presentation of its financial statements in conformity with general accepted accounting principles.
- The auditor is expected to review, as to content, scope and presentation, the transmittal letter and statistical section of the ACFR, giving advice on those sections of the report.
- The auditor shall express an opinion at the end of the audit.
- If the auditor is not able to express an unqualified opinion, they will furnish in advance and on a timely basis, to prince county water and the auditor of public accounts of the agency, reasons for (1) qualifying the opinion, (2) disclaiming an opinion, or (3) rendering an adverse opinion.
- The report shall communicate any significant deficiencies or material weaknesses in internal control relevant to the audit of the financial statements that are identified during the audit.
- The auditor will also communicate to the audit committee (a) any fraud involving senior management and fraud (whether caused by senior management or other employees) that causes a material misstatement of the financial statements that becomes known during the audit, and (b) any instances of noncompliance with laws and regulations that they become aware of during the audit (unless they are clearly inconsequential).
- Contract Period/Term: 1 year
- Pre-Proposal Conference Date: May 27, 2025
- Questions/Inquires Deadline: June 02, 2025