Government Contract | Virginia
Auditing Services for three (3) Fiscal Year(s)

Bid Information


Bid Alert No: 00000940311

Bid Title: Auditing Services for three (3) Fiscal Year(s)

Agency Bid No. Title: Not Stated

Received Date: 04/27/2017

Close Date: 05/05/2017

Purchase Type: Term: 06/30/2019

Delivery Point: Covington, Virginia

Delivery Date: Not Stated

Specifications

Specifications include, but are not limited to: A. Annual Financial Audit - The auditor will examine all funds of the City in accordance with generally accepted governmental auditing standards and the specifications of the Auditor of Public Accounts, Commonwealth of Virginia. The examination shall result in the preparation of financial statements from the audited records of the City with the auditor's opinion thereon. The auditor's opinion shall be unqualified unless the auditor furnishes, on a timely basis, to the City and to the Auditor of Public Accounts, Commonwealth of Virginia, his reasons for qualifying the opinion, disclaiming an opinion, or rendering an adverse opinion.B. Compliance Audits - The auditor shall make the compliance examinations required by current law related to State and Local Governments, Audit Requirements, in addition to the annual financial audit.C. Management Letter - The auditor will submit a management letter to the governing body containing recommendations to strengthen internal controls.D. Transmittal Forms - The Auditor of Public Accounts requires all localities to complete transmittal forms in accordance with the provisions of the Uniform Financial Reporting Manual for Virginia Counties and Municipalities (Manual). An opinion from the auditor must be rendered on these forms and submitted along with forms to the Auditor of Public Accounts. The auditor must prepare the required forms, render an opinion thereon, and submit same to the Auditor of Public Accounts not later than the state requirements following the end of the fiscal year.E. Follow-up Conferences - The auditor shall present the report to the governing body, if required, and provide follow-up conference directly pertaining to the audit.F. Submission of Reports - The firm shall provide thirty (30) copies of the financial statements and auditor's report thereon not later than January following the end of the fiscal year. Three (3) copies of the financial statements and management letter and (1) copy of the transmittal forms referred to in (D) above must be submitted to the Auditor of Public Accounts not later than the state requirements following the end of the fiscal year.G. Such other Accounting Schedules - Analysis as may, from time to time, be required by State and/or Federal regulatory agencies.H. Maintenance of Fixed Assets - Accumulated depreciation and surplus invested.

Bid Related Documents

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Bid Related Attachments

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Product Code: 94620

Agency Information


Issuing Agency: City of Covington

State: Virginia

Agency Type: State and Local

Contact: 333 West Locust Street, Covington,, Virginia

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