Specifications include, but are not limited to: A. The selected firm will audit financial statements prepared by RSMeacham CPAs & Advisors, with assistance from city management and finance staff. These statements shall be compiled in accordance with GASB 34 requirements, and also include Management’s Discussion and Analysis for the City and related Authorities B. The selected firm will be responsible for issuing the final Independent Auditor’s Report and the Independent Auditor’s Report on Internal Control Over Financial Reporting and Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with the Governmental Auditing Standards. C. All other required reports required in accordance with standards listed above, including but not limited to the Independent Auditor’s Report on Compliance for Each Major Program and on Internal Control Over Compliance Required by the Uniform Guidance . D. The auditor will be responsible for providing any proposed adjusting entries to the City management and RSMeacham for review and acceptance. E. The audit firm will also provide a list of immaterial audit differences not proposed for adjustment. F. The audit firm will be expected to review the minutes of the City and its Public Trusts for the fiscal year being audited. G. Once the audit is completed, the audit firm will supply the City with 20 copies of signed audit opinions and related reports, along with a single electronic version. H. The selected firm will present a draft audit report to city management and its consultants RSMeacham prior to the final presentation to the City of Sallisaw Board of City Commissioners. I. The firm will present the final report to the City of Sallisaw Board of City Commissioners on or before the second Monday of November of each year. For the first year of this engagement, this date is November 11, 2024...
