The Auditor will, as a part of this engagement, conduct the following activities utilizing the appropriate standards noted in Section II. A. Plan and perform the audit to obtain reasonable rather than absolute assurance about whether the financial statements are free from material misstatement, whether caused by error or fraud; B. Perform tests of documentary evidence supporting the transactions recorded in the accounts, which may include tests of the physical existence of inventories and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, creditors, and financial institutions; C. Perform tests of the City’s compliance with applicable laws and regulations and the provisions of contracts and agreements; D. Review the internal accounting controls of the City to the extent necessary to evaluate the system as required by applicable standards; E. Issue a Management Report making recommendations for improvement;
