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<br />C. Scope of Work to be Performed <br /> <br />The City of Sunny Isles Beach requires the auditor to express an opinion on the fair <br />presentation of its basic financial statements in conformity with generally accepted <br />accounting principles and the financial reporting requirement of Governmental <br />Accounting Standards Board Statement No. 34, "Basic Financial Statements - and <br />Management's Discussion and Analysis for State and Local Governments". <br /> <br />The Auditor is not required to audit the combining and individual fund and account <br />group financial statements and supporting schedules. However, the Auditor is to <br />provide an "in relation to" report on the combining and individual fund financial <br />statements and supporting schedules based on the auditing procedures applied during <br />the audit of the basic financial statements. The Auditor is not required to audit the <br />statistical section of the report. <br /> <br />The Auditor shall also be responsible for performing certain limited procedures <br />involving required Management's Discussion and Analysis and the required <br />supplementary information required by the Governmental Accounting Standards <br />Board as mandated by generally accepted auditing standards. <br /> <br />The Auditor is not required to audit the schedule of federal and state financial <br />assistance. However, the auditor is to provide an "in relation to" report on that <br />supplemental information, based on the auditing procedures applied during the audit <br />of the financial statements. <br /> <br />The required Schedule for the 2010 Fiscal Year Audit will be for the firm to submit <br />25 copies of the audit report no later than February 28, 2011. A representative will <br />present the findings at the March commission meeting. For subsequent audits, the <br />audit copies should be delivered no later than January 31 and the findings presented <br />at the February commission meeting. <br /> <br />D. Auditing Standards to be Followed <br /> <br />To meet the requirements of this Request for Proposals, the audit shall be <br />performed in accordance with: <br /> <br />1) Generally accepted auditing standards and Audits of State and Local <br />Governmental Units (revised) as issued by the American Institute of Certified <br />Public Accountants (AICP A). <br /> <br />2) Government Auditing Standards, as issued by the Comptroller General of the <br />United States. <br /> <br />3) Circular No. A-133, Audits of State and Local Governments, Office of <br />