A. The financial and compliance audit will be conducted in accordance with the requirements of the Contract to Audit Accounts specified by the Tennessee Comptroller of the Treasury, including Single Audit, if required. B. If circumstances call for a more detailed investigation by the auditor than necessary under ordinary circumstances, the auditor shall inform the Board of Mayor and Alderman in writing of the need for additional investigation and the additional compensation required. C. Progress payments will be made based on work completed during the audit. D. The auditor shall work with City and Conference Center staff to schedule preliminary audit procedures. Whereas the auditor may determine steps are needed during the fiscal year, this includes the scheduling of procedures at the end of the fiscal year in June or shortly after in July. A week has been typical. E. The auditor shall work with City and Conference Center staff to schedule audit fieldwork. This typically has occurred between September and October following the fiscal year being audited. Three weeks has been typical.
