The selected audit firm will be responsible for the following services: a) Conducting annual audits in accordance with GAAS, Government Auditing Standards, and OMB Uniform Guidance (if applicable). b) Preparing and reviewing the City's Annual Comprehensive Financial Report (ACFR). c) Performing a Single Audit when required. d) Conducting agreed-upon procedures for the GANN Limit Report, in compliance with Article XIII.B of the California Constitution and Government Code §7900. e) Assisting with the accuracy and compliance of the Financial Transactions Report submitted to the SCO via LGRS (submission remains the City’s responsibility) mapping chart-of-accounts data to LGRS categories to ensure accuracy review before City submission via LGRS. f) Preparing a Management Letter identifying internal control weaknesses and recommendations. g) Attending a scheduled City Council meeting to present audit findings, including a summary of the audit scope, results, and any material findings. Presentation must include: g1) An overview of the ACFR g2) Internal control observations g3) Summary of management letter recommendations g4) Executive summary for public distribution g5) Opportunity for Q&A with Council and the public g6) Completing draft reports by November 15 and final reports by December 15 each fiscal year. g7) Coordinating closely with the Finance Director throughout the audit process, with regular progress updates and immediate reporting of any suspected irregularities.
