RFP 22-02-01 PROFESSIONAL INDEPENDENT AUDITING SERVICES

Home Browse Search

City of Sunny Isles Beach |Request for Proposal No. 22-02-01 18 ii A report on compliance and on internal control over financial reporting based on an audit of financial statements performed in accordance with Government Auditing Standards. iii A report on compliance with requirements applicable to each major program and on internal control over compliance in accordance with Circular A-l33. iv A schedule of findings and questioned costs. v Non-reportable conditions discovered by the auditors shall be reported in the management letter required by Florida Statutes 11.45(3) (a) (4), which shall be referred to the report on internal control structure and compliance. vi A report on compliance with requirements applicable to State Financial Assistance. vii Irregularities and Illegal Acts. Auditors shall be required to make an immediate written report of all irregularities and illegal acts of which they become aware of to the Director of Finance, City Manager, and City Commission as appropriate. 3.6 SPECIAL CONSIDERATIONS AND SERVICES 3.6.1) The City of Sunny Isles Beach will send the comprehensive annual financial report to the Government Finance Officers Association of the United States and Canada for review in the Certificate of Achievement for Excellence in Financial Reporting Program. The auditor will be required to provide special assistance to the City of Sunny Isles Beach to meet the requirements of that program by providing technical advice to ensure awarding of certification. 3.6.2) The City of Sunny Isles Beach may, during the period of this contract, prepare one or more official statements in connection with the sale of debt securities, which will contain the basic financial statements and the Auditor's report thereon. The Auditor shall be required, if requested by the fiscal advisor and/or the underwriter, to issue a "consent and citation of expertise" as the Auditor. 3.6.3) The City may periodically require an EDP audit of Information Systems. 3.6.4) Review of the annual financial report of the City filed with the State of Florida, pursuant to Section 218.32, Florida Statutes, to verify that it is in agreement with the respective financial statements. 3.6.5) With the change in the Auditor General requirement, the Auditor will also assist in the Financial Condition Assessment.