Specifications include, but are not limited to: 1. Audit, prepare and express an opinion on the fair presentation of its generalpurpose financial statements in conformity with generally accepted accounting principles and complies with laws and regulations that may have a material effect upon the City’s financial statements. 2. Perform a Single Audit testing programs for compliance with the Single Audit Act of 1984 in the years when the threshold has been exceeded. 3. The auditor will examine the City’s internal accounting controls and accounting procedures and render written reports of their findings and recommendations to the Finance Director. The examination shall be made, and reports rendered in accordance with generally accepted government auditing standards. In addition, the auditors shall communicate to the Finance Director any reportable conditions found during the audit that can be defined as either a significant or material weakness in the design or operation of the internal control structure, which could adversely affect the organization’s ability to record, process, summarize, and report financial data consistent with the assertions of management in the financial statement. Reportable conditions that are also material weaknesses shall be identified as such in the report. Non-reportable conditions discovered by the auditors shall be reported in a separate letter to management, which shall be referred to in the report(s) on compliance and internal controls
