Specifications include, but are not limited to: The City requires the auditor to express an opinion on the fair presentation of its basic financial statements in conformity with generally accepted accounting principles in the United States of America. The City desires the auditor to express an opinion on the fair presentation of City combining and individual fund financial statements and schedules in conformity with generally accepted accounting principles. The auditor is not required to audit the supporting schedules contained in the Annual Comprehensive Financial Report (ACFR). However, the auditor is to provide an “in relation to” report on the supporting schedules based on the auditing procedures applied during the audit of the basic financial statements and the combining and individual fund financial statements and schedules. The auditor is not required to audit the introductory section or the statistical section of the report. The auditor shall also be responsible for performing certain limited procedures involving Required Supplementary Information as required by the Governmental Accounting Standards Board (GASB) as mandated by generally accepted auditing standards.
