Specifications include, but are not limited to: The following services will be required as a minimum and should constitute the basis for a response to this Request for Proposal. 1. Perform an annual audit of the City’s financial records as required by Kansas Statute 75- 1122 and 75-1123, in accordance with generally accepted accounting principles and applicable provisions of the Kansas Municipal Audit Guide. If a single audit is required, the audit will be conducted in accordance with the standards set forth in the U.S. General Accounting Office's Government Auditing Standards, the provisions of the Single Audit Act, the provisions of U.S. Office of Management and Budget (OMB) Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, and Audits of State and Local Governments. 2. Preparation of the financial statements and notes to financial statements. If necessary, preparation of a single audit report, and submission of all documents and filings. 3. Preparation of the statistical section of the ACFR in conjunction with City staff. 4. Prepare a communication and management letter to include a statement of audit findings and recommendations that will be presented to City management and the City Council (Governing Body). These will include, but not be limited to, financial statements, internal controls, inefficiencies, duplications, accounting systems, and legality of actions. The firm shall provide draft management letter comments in a timely fashion as they occur. 5. Assist City staff in responding to reviewer comments from submissions of the ACFR to the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting (Certificate of Achievement) Program. Also, review and provide feedback on the client-prepared transmittal letter and Management’s Discussion and Analysis.
