Specifications include, but are not limited to: The Lee's Summit R7 School District is soliciting proposals for Annual Audit Services. This contract will include but is not limit to the following: 1. The auditor will express opinions on the fair presentation of the District’s basic financial statements in accordance with the basis of accounting used by the District. 2. The annual audit will entail an audit of the District’s financial records including the General, Special Revenue, Debt Service and Capital Projects funds. Fiduciary funds, proprietary funds, component units that do not issue their own financial statements, transportation, attendance, food service, and federal and state program records should also be included. Other programs, funds or processes as specified by the Board or required by law should also be included. 3. The annual audit will review and test the system of administrative control over compliance with federal laws and regulation to the extent considered necessary by the audit of and as required by the U.S. General Accounting Office’s Government Auditing Standards. 4. The annual audit shall conform to all Missouri State Statutes, all requirements of the Department of Elementary and Secondary Education (DESE), the Single Audit Act of 1996, and the provisions of OMB Circular A-133, GASB 34, and District Board policy “DIE” (see attachment #6). 5. The annual audit will be conducted in conformance with financial reporting requirements in accordance with generally accepted auditing standards and Government Auditing Standards. 6. The District uses the modified cash basis of accounting for all funds and accounts. The District follows the procedures outlined in the Missouri Financial Accounting Manual. 7. Assistance is available from the Accounting Office staff in the following areas: • District staff can prepare confirmations and schedules/work papers, if the Firm provides a list of its needs and desired format. • District staff is also available to pull document from the list provided by the Firm and to reproduce documents 8. The Firm must provide a “To Be Prepared by Client” listing three weeks prior to the arrival of the audit team for both the Interim and Final field work. 9. The District will issue representation letters for asset, liability, and contingent liabilities after consultation with the Firm. 10. Available office space is located in the same building as the Accounting Office, and will be provided to the Firm. The Firm must supply its own equipment and supplies...