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<br />City of Sunny Isles Beach |Request for Proposal No. 15-12-01 13 <br /> <br /> Circular No. A-133, Audits of State and Local Governments, Office of Management and <br />Budget. <br /> The provisions of the Federal Single Audit Act (as amended) <br /> The provisions of the Florida Single Audit Act (as amended). <br /> Rules and State of Florida Department of Banking and Finance Regulations. <br /> Statements on Auditing Standards (SAS) <br /> Rules of the Auditor General, State of Florida relating to Chapter 10.550. <br /> Section 218.39, Florida Statutes, and any other applicable Florida Statutes. <br /> Other applicable federal, state and local laws or regulations or professional guidance not <br />specifically listed above as well as any additional requirements, which may be adopted by <br />these organizations in the future. <br /> <br />3.5 ISSUED REPORTS <br /> <br />Following the completion of the audit of the fiscal year's financial statements, the auditor shall issue: <br /> <br />3.5.1) A report on the fair presentation of the basic financial statements as a whole, in conformity <br />with generally accepted accounting principles. <br /> <br />3.5.2) An "in relation to" report on the combining and individual fund financial statements and <br />supporting schedules. <br /> <br />3.5.3) A report on internal control structure based on the auditor's understanding of the control <br />structure and assessment of control risk. <br /> <br />3.5.4) A report on compliance with laws and regulations. <br /> <br />3.5.5) A "management letter" required by Section 10.554(g) of the rules of the Auditor General of <br />the State of Florida. <br /> <br />3.5.6) Reports required by the Single Audit Act of 1996 and OMB Circular A-133 to include: <br /> <br />i An "in relation to" report on the schedules of federal and state financial assistance. <br /> <br />ii A report on compliance and on internal control over financial reporting based on <br />an audit of financial statements performed in accordance with Government <br />Auditing Standards. <br /> <br />iii A report on compliance with requirements applicable to each major program and <br />on internal control over compliance in accordance with Circular A-l33. <br /> <br />iv A schedule of findings and questioned costs. <br /> <br />v Non-reportable conditions discovered by the auditors shall be reported in the <br />management letter required by Florida Statutes 11.45(3) (a) (4), which shall be <br />referred to the report on internal control structure and compliance. <br /> <br />vi A report on compliance with requirements applicable to State Financial Assistance.