City of Farmers Branch - Auditing Services

The City of Farmers Branch is seeking proposals from qualified independent firms of certified public accountants to perform financial audits for the fiscal year ending September 30, 2026, with the option of auditing its financial statements for each of the four subsequent fiscal years. The audit shall include an examination of the financial statements of all accounts and funds of the City, and the auditor shall express an opinion on the fair presentation of the City's basic financial statements in conformity with generally accepted accounting principles. The auditor shall also prepare or assist in the preparation of the Schedule of Expenditures of Federal Awards (SEFA) and provide assistance with year-end capital asset reconciliation procedures. The City has earned the Certificate of Achievement for Excellence in Financial Reporting awarded by the Government Finance Officers Association of the U.S. and Canada, and it is the City's objective to retain the Certificate. • The audit shall be performed in accordance with generally accepted auditing standards promulgated by the American Institute of Certified Public Accountants and the standards for financial audits set forth in the U.S. General Accounting Office's Government Auditing Standards. • The auditor shall have the City's ACFR reviewed by at least one of the firm's GFOA Special Review Committee members prior to its final printing. • The City currently anticipates it will prepare one or more official statements in connection with the sale of debt securities which will contain the basic financial statements and the Auditor's report thereon. • The Auditor may be required, if requested by the City, financial advisor and/or the underwriter, to issue a "consent and citation of expertise" as the Auditor as well as any necessary "comfort letters." • The City has no mandatory auditor rotation policy.