The Scope of Work includes requirements for conducting the audit and reporting on the Basic Financial Statements and financial advice and consultation on matters throughout the year that would significantly affect the Annual Report and/or compliance with new or changes in accounting procedures. The Town of Surfside Beach will be including its financial statements in an Annual Comprehensive Financial Report (“ACFR”) in compliance with all current auditing standards. The auditor is to provide an audit report on the fair presentation of that set of financial statements sufficient to satisfy the requirements of the Government Finance Officers Association’s Certificate of Achievement Program and in a form that complies with the AICPA’s definition of the appropriate form of the independent auditor’s report for audits of GASB 34 governments as defined in its current edition of Audits of State and Local Government Units. If applicable the audit must also include the Schedule of Federal Awards, which will be included in the ACFR. The Town of Surfside Beach desires the auditor to express an opinion on the fair presentation, in all material respects, of its basic financial statements in conformity with accounting principles generally accepted in the United States of America, and a report on the fairness of the combining and individual fund financial statements and schedules when considered in relation to the basic financial statements taken as a whole. The financial statements of the Town will be presented in accordance with the financial reporting model described in GASB Statement No. 34. The document submitted should also include the following additional information that will be subjected to auditing procedures including budgetary comparison information, combining and individual fund balance statements and schedule of expenditure of federal awards, if required. The scope of work also includes reporting on any and all internal controls related to the financial statements and compliance with laws, regulations, and the provisions of contracts or grant agreements, noncompliance with which could have material effect on the financial statements in accordance with Government Auditing Standards. In addition to the normal performance of providing a complete financial and compliance audit, the auditor will provide assistance with year-end closing entries not completed by the Town due to time constraints or lack of technical expertise. The Town will not place the auditor in a situation of conflict of interest or compromise the integrity of the audit. The auditor shall also be available throughout the four-year period to provide ongoing technical assistance as needed by the Town’s finance staff to assure proper accounting methods are being followed.
