Specifications include, but are not limited to: 1. The Office of Auditor of State reserves the right to reject any and all proposals received. 2. Any contract accepted by the Office of Auditor of State is subject to approval by the Executive Council of the State of Iowa and will be effective only when such approval is granted. 3. Only proposals received at the location described and in the time frame given will be considered. 4. Only proposals covering city examination services for all cities identified will be considered. 5. The original and one copy of the enclosed contract should be completed and manually signed by a partner of the firm submitting the proposal. 6. The examinations shall be performed in accordance with the attestation standards for agreed-upon procedures engagements issued by the American Institute of Certified Public Accountants (AICPA), the standards for attestation engagements contained in Government Auditing Standards, issued by the Comptroller General of the United States, and the agreed-upon procedures program guide prepared by the Office of Auditor of State. 7. The fees quoted in the proposal and included in the contract will be the maximum paid per hour and in total, unless an amendment to the contract is completed and agreed to by both parties. 8. The agreed-upon procedures reports shall conform to the sample report issued by the Office of Auditor of State and attestation standards for agreed-upon procedures engagements issued by the AICPA. 9. The agreed-upon procedures reports should report all findings from the agreedupon procedures engagement, unless clearly inconsequential, since materiality does not apply to the findings to be reported in accordance with, and as described in, AT-C 215.25 of the AICPA’s attestation standards. 10. Final agreed-upon procedures reports for all cities included in this RFP must be issued by March 31, 2024. 11. The firm awarded the contract will prepare an electronic (PDF) copy of each report for submission to the Office of Auditor of State at SubmitReports@aos.iowa.gov. 12. One billing shall be submitted following issuance of the examination report for all cities included in the proposal. A detailed per diem statement identifying the total cost and hours for each city periodic examination, including preparation of the agreed-upon procedures report, shall be submitted with the billing. 13. Additional follow up procedures may be requested for cities with significant findings. These additional procedures, if agreed to by the CPA, will be reimbursed at the hourly rates approved in the contract. 14. Municipal Utilities - Municipal Utilities are subject to the examination requirements and follow the examination requirements of the City where they are located. Municipal Utilities included in the City's accounting and reporting structure should be included in the scope of the City's examination. Separate Municipal Utilities: Separate Municipal Utilities are Municipal Utilities established under Chapter 388 of the Code of Iowa with a separate Board and not otherwise included in the City's accounting and reporting structure. These utilities may have fiscal years ending March 31 or December 31. For consistency, the Office of Auditor of State has established required procedures for examinations. These examination procedures are also required to be used, as applicable, for examinations of separate Municipal Utilities. Separate Municipal Utilities may file an examination report which is included in or separate from the City's examination report. Cities and separate Municipal Utilities subject to periodic examinations should discuss and determine whether they wish to be subject to separate or combined examinations. The periodic examination fee paid annually by the City for examinations of the City and the separate Municipal Utilities may be allocated as locally determined.
