Specifications include, but are not limited to: The City desires the auditor to express an opinion on the fair presentation of its basic financial statements (as defined under Governmental Accounting Standards Board (GASB) Statement No. 34, Basic Financial Statements–and Management’s Discussion and Analysis—for State and Local Governments) in conformity with accounting principles generally accepted in the United States.; Further, the audit shall be in accordance with Section 4 of Nevada Revised Statutes 354.624 and 354.6241.; The audit is to cover certain related supplemental information that will accompany the basic financial statements, but the auditor is not required to audit the “Management’s Discussion and Analysis,” other GASB-required supplemental information, the introductory section to the City’s annual comprehensive financial report, or any statistical tables such as are required to earn the Certificate of Achievement for Excellence in Financial Reporting awarded by the Government Finance Officers Association (GFOA), although the auditor shall be responsible for applying certain limited procedures thereto. The auditors’ opinions on the fairness of presentation of selected supplemental schedules will be based on the auditing procedures applied, and expressed in relation, to the basic financial statements taken as a whole.; The auditor will also prepare Federal Financial Assistance audit reports, as required by the Single Audit Act of 1984 (as amended), 31 U.S.C. §§ 7501-7507, and OMB Circular A-133 which contain (1) a description of the scope and results of procedures performed with respect to applicable requirements for each major federal program, which includes an opinion on compliance, (2) an opinion, based on their audit, on the schedule of expenditures of federal awards, and (3) an auditors' schedule of findings and questioned costs.; The auditor will also perform the following non-attest services as necessary or requested including: 1. Preparation of the financial statements (as defined under GASB Statement No. 34, Basic Financial Statements – and Management’s Discussion and Analysis – for State and Local Governments) in conformity with accounting principles generally accepted in the United States.; 2. Preparation of required supplementary information schedules.; 3. Assist in preparing adjustments to accounts included in the trial balance (for example, cash to accrual basis conversion).
