The selected firm will be responsible for performing the following services: a. Conduct an annual audit of the financial statements of Worcester County, Maryland. Render a report and opinion on the basic financial statements including both Government Wide Financial Statements and Fund Financial Statements in accordance with Generally Accepted Accounting Principles (GAAP). b. Prepare an Annual Comprehensive Financial Report (ACFR), including findings and recommendations, to present to the Worcester County Commissioners. The ACFR will be prepared in accordance with the latest Governmental Accounting Standards Board (GASB) pronouncements, as required. c. Evaluate and issue a report on Internal Controls over Financial Reporting and on Compliance and Other Matters in accordance with Government Auditing Standards. d. Issue a separate “management letter” on internal control and related matters identified in the audit, that includes recommendations for improvements in internal control, accounting procedures and other significant observations that are considered to be non-reportable conditions. The report shall be addressed to the Chief Administrative Officer. e. Perform a single audit, if required, on the expenditures of federal grants, in accordance with OMB Circular A-133. The single audit report will include an appropriate schedule of expenditures of federal awards, footnotes, findings, and questioned costs, including reportable conditions and material weaknesses, and follow up on prior audit findings, where required. f. Provide assistance in order to meet the requirements of the GFOA Award for Excellence in Financial Reporting program, including preparing answers to all GFOA comments and specific to completion to meet the filing deadline of December 31st each year. g. The auditing services to be provided for each fiscal year must be completed with final reports submitted by no later than December 1 st for the County ACFR following the end of the fiscal year unless and alternate date is agreed upon by the Finance Officer. h. Schedule of 9-1-1 Program Funds and Program Costs. The Auditor will also review the County’s staff preparation of the 911 Actual Receipts and Expenditures Report prior to its submission to the Emergency Numbers Systems Board, and express an opinion as required by the State of Maryland, This is a separate fee engagement directly with the State of Maryland.
