For the Operations Audit, the Consultant shall review, test and verify the accuracy of the information contained in Recology’s Annual Report as well as SBI’s annual tonnage and commodity revenue report, and provide any recommendations for improvement. For the Financial Systems Audit, the Consultant shall verify the mathematical accuracy, consistency in reporting, and back-up documentation for information contained in Recology’s annual Revenue Reconciliation, and the accuracy of SBI’s financial systems for tracking, calculating, and reporting payments due to or from RethinkWaste. The work shall constitute a review of Recology’s and SBI’s financial systems and the accuracy of the financial reports Recology and SBI provide to RethinkWaste. It will not audit financial statements, nor will it represent a complete review of finance and accounting systems. The audit does not need to assess conformance with standard accounting practices (including generally accepted accounting principles, GAAP), but it does need to independently verify the mathematical accuracy of financial information provided by Recology and SBI in keeping with solid waste industry operational standards, and general compliance with agreements RethinkWaste has with both entities
