PROFESSIONAL AUDITING SERVICES 15-12-01 Final

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City of Sunny Isles Beach |Request for Proposal No. 15-12-01 12 Section 3 Scope of Services / Technical Specifications 3.1 SCOPE OF SERVICES The City of Sunny Isles Beach is requesting proposals from qualified firms of certified public accountants to audit its financial statements for three years, with the initial fiscal year ending September 30, 2016. We will also consider an option of two one year renewals for a total of a five year term. 3.2 INTENT The City of Sunny Isles Beach is requesting proposals from qualified independent Certified Public Accountants and/or firms licensed to practice in the State of Florida for the purpose of providing an annual examination of the financial statements and records of the City of Sunny Isles Beach. The audit shall be conducted for the purpose of forming an opinion of the general-purpose financial statements taken as a whole and to determine whether operations were conducted in accordance with legal and regulatory requirements. 3.3 SCOPE OF WORK The City prepares a Comprehensive Annual Financial Report and intends for the auditor to express an opinion on the fair presentation of its basic financial statements in conformity with generally accepted accounting principles. The auditor is not required to audit the combining and individual fund financ ial statements and supporting schedules. However, the auditor is to provide an "in-relation-to" report on the combining and individual fund financial statements and supporting schedules based on the auditing procedures applied during the audit of the basic financial statements and the resulting opinion thereon. The auditor is not required to audit the introductory section of the report or the statistical section of the report. The auditor shall also be responsible for performing certain limited procedures involving required supplementary information required by the Governmental Accounting Standards Board as mandated by generally accepted auditing standards. The auditor will be required to review the Annual Financial Report (AFR) to the Department of Financial Services, in accordance with §218.32, Florida Statutes. 3.4 AUDITING STANDARDS To meet the requirements of this Request for Proposals, the audit shall be performed in accordance with:  Generally accepted auditing standards and Audits of State and Local Governmental Units as issued by the American Institute of Certified Public Accountants (AICPA).  Government Auditing Standards, as issued by the Comptroller General of the United States.