Qualified vendors must be able to perform the services listed below: 1. The contractor shall conduct an independent financial audit of one (1) or more of the counties listed in the Statement of Work, in accordance with the provisions and requirements stated herein, and to the sole satisfaction of the state agency. 2. The contractor shall conduct an audit of the county’s financial statements. If financial statements are not prepared in accordance with generally accepted accounting principles (GAAP), the contractor shall make appropriate audit report modifications and disclosures. 3. Upon the authorization by the state agency to proceed with the services, the state agency will provide to the contractor for review, at the state agency’s Jefferson City office, actual working papers of the most recent audit report issued by the state agency. 4. The contractor shall conduct an audit of the county’s financial statements in accordance with the following: a. Generally accepted auditing standards as promulgated by the American Institute of Certified Public Accountants. b. The standards applicable to financial audits contained in Government Auditing Standards as issued by the Comptroller General of the United States. c. U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
