Specifications include, but are not limited to: 1. Conduct audit in accordance with auditing standards generally accepted in the United States of America (U.S. GAAS) and Government Auditing Standards of the Comptroller General of the United States of America; and the audit requirements of Title 2 U.S. Code of Federal Regulations (CFR), Uniform Administrative requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).; 2. The contract will cover the fiscal years ending June 30, 2022, 2023, 2024, with an optional one-year renewal.; 3. The audit will encompass a financial and compliance examination of the County’s basic financial statements, supplementary information, and compliance reports. The financial and compliance audit will cover federal, state, and local funding sources in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits.; 4. Conduct an audit of the County’s major federal awards program(s) compliance, including ARPA funding, in accordance with the requirements of the Single Audit Act, as amended, and the Uniform Guidance.; 5. The Audit firm will attend a preplanning meeting with the Senior Director of Finance and other appropriate personnel prior to the interim field work; periodic meetings during the audit; as well as an exit meeting prior to the completion of fieldwork.; 6. The Auditor will be responsible for compiling the final financial package, including but not limited to, the basic financial statements, supplementary information, and compliance reports. An electronic copy of the audit documents will also be provided in a searchable Adobe PDF file format. The Auditor will submit a draft of the financial statements to be reviewed in detail by the Senior Finance Director and appropriate personnel.; 7. The audit shall result in the preparation of financial statements from the audited records of the County with the Auditor’s opinion thereon. The Auditor’s opinion shall be expressed in the report and include reasons for qualifying the opinion, disclaiming the opinion, or rendering an adverse opinion.; 8. Should circumstances arise during the audit that require significant additional work be performed above the amounts set forth in the contract, additional costs shall be negotiated prior to commencement of the work and an amended contract will be submitted for approval to the County.; 9. In planning and performing the audit, the Auditor shall consider the County’s system of internal controls over financial reporting as a basis for designing auditing procedures and for the purpose of expressing an opinion on the financial statements.; 10. At the conclusion of the audit engagement, communicate to those charged with governance the following significant findings from the audit: a. The qualitative aspects of significant accounting practices.; b. Significant difficulties or issues, if any, encountered during the audit.; c. Uncorrected misstatements, other than those believed to be trivial, if any.
