Specifications include, but are not limited to: The City of Iowa City, Iowa is requesting proposals from qualified firms of certified public accountants to audit its financial statements for the three fiscal years (June 30, 2025 through June 30, 2027), with the option of auditing its financial statements for each of the next three (3) subsequent years. Audits are to be performed in accordance with standards set forth for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), Chapter 11 and other applicable provisions of the Code of Iowa, and all laws, ordinances, rules, and regulations of the City of Iowa City. Audits must also be performed in accordance with rules that pertain to the Certificate for Excellence in Financial Reporting established by the Government Finance Officers Association of the United States and Canada (GFOA).
