Specifications include, but are not limited to: The Commissionis requesting Proposalsfromqualified certified public accounting firms to perform an internal audit for thepurpose of risk assessmentregarding the Airport’s Fixed Based Operators.Selected Respondentagrees that such auditwill be conducted in accordancewith auditing standards generally accepted in the United States of America and thestandards applicable to financial audits contained in Governmental Auditing Standards, issued by the Comptroller General of the United States. Therefore, and in accordancewith Governmental Auditing Standards, Selected Respondentagrees to also issue reportsofits opinionof theFBOs financialreporting accuracy to include a detailed list of any discrepanciesdiscovered in the verificationof gross receipts and fees as statedwithin partycontracts. The Selected Respondentagrees to also issue reportsofits consideration of FBOs internal control over financial reporting and its tests of FBOs compliance certain provisions of laws, regulations, contracts and grants.Areasthatmustbe addressed include but are not limited to:•Verification of the accuracy of FBOs books andrecords to include general ledger, revenue journals, leases, subleases, line tickets, fuel tank logs, customer invoices, vendor invoices, sales tax returns and other documents produced evidencing the financial transactions occurring at the FBOs Premises;•Revenues collected from airline and non-airline sources;•Rates and Charges Calculation;•Internal Controls over revenue and expense streams;•Security access control.
