Specifications include, but are not limited to: The City of Ketchum (City) is seeking proposals for auditing services. The City of Ketchum (City) invites qualified public accounting firms to submit a proposal to provide financial audit services for the City’s annual audit for the fiscal year ending September 30, 2023. The City’s enacted budget with amendments for this year was approximately $45.5 million across 13 funds, including a $14.1 million general fund as well as separate water and wastewater funds in the amount of $14.5 million. The City expects the successful firm to conduct a full and complete financial audit with accompanying notes for the fiscal year, as required by Idaho Code §67-450B (minimum requirement). Also, such audit shall be conducted in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. The audit will be conducted in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of the accounting records of the City and other procedures considered necessary to enable expression of such opinions. The firm will produce a written report upon completion of the audit of the City's financial statements. The firm will also provide a report on internal control related to the financial statements and compliance with the provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a material effect on the financial statements as required by Government Auditing Standards. The report on internal control and on compliance and other matters will include a paragraph that states (1) that the purpose of the report is solely to describe the scope of testing of internal control and compliance, and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control on compliance, and (2) that the report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. standards and the standards for financial audits contained in Government Auditing Standards may not satisfy the relevant legal, regulatory, or contractual requirements.
