Specifications include, but are not limited to: A financial audit and a single audit are requested for the fiscal year ending June 30, 2024. The audits shall be performed in accordance with Generally Accepted Auditing Standards, as promulgated by the American Institute of Certified Public Accountants (AICPA); the AICPA Audits of State and Local Governmental Units audit and accounting guide; and the Government Auditing Standards, published by the U.S. General Accounting Office. For the single audit, federal compliance test work will be done in accordance with Office of Management and Budget Circular A-133. The audits must be completed, and the reports issued to the Provo City Municipal Council by the first Tuesday of December, following the end of the fiscal year. During performance of the audits, the auditors will meet on a bi-weekly basis with the Council Executive Director. Auditors will also be required to meet, at least once, with the council Audit Committee prior to the commencement of the audit and, at least once, following the completion of the audit, but prior to the issuance of the audit report.
