Specifications include, but are not limited to: Your proposal is expected to include services of: • Provide an engagement letter at the beginning of each year’s audit outlining the scope of work, auditor’s responsibilities, expectations, an estimated fee amount that will not be exceeded and the name of the engagement partner. • Annual independent audit to be completed in accordance with generally accepted auditing standards. • Federal single audits when required. • Assist the City in preparation of the Annual Financial Report (AFR). With the City’s help your preparation services will include preparing the basic financial statements, including conversion entries, notes to the financial statements, and required supplementary information. You will also review City prepared sections of the AFR. • Meetings with the Audit Committee and City Council. • Provide technical advice throughout the year, including but not limited to, guidance on implementation of new GASB accounting standards...