The following will be expected in the base bid: The Auditor will prepare some of the year-end adjusting journal entries, primarily GASB 34 conversion and GASB 68 entries. The auditor will be ultimately responsible for the preparation, typing, proofing, printing, and copying of the Annual Financial Report, including the Basic Financial Statements, notes to the financial statements, supplementary information, and compliance reports. The district staff will be actively involved in the MD&A (if applicable), and other schedules section preparation. The auditor will submit a draft of the Financial Statement to be reviewed in detail by the Controller and Fire Chief. This draft should be submitted to the district on time to allow ample review and corrections. The timing of this should ensure final completion of the Financial Statements no later than the annual deadline set forth by Charleston County. Guidance will be required for new note disclosures; all approved GASB’s as well as GASB implementations including GASB 87, GASB 82, GASB 101 and other reporting requirements applicable to the district. Fifteen bound paper copies of each audit report, management letter, and other applicable reports along with electronic copies of all components of the Annual Financial Report must be supplied to the Controller within the time frame cited above. Any other copies required will be charged on an as needed basis in addition to the quoted fee...
