Financial Statement Auditing Services

The Kenton County Airport Board (KCAB) seeks a qualified public accounting firm to perform annual financial statement audits for fiscal years ending 2027‑2029, with optional extensions through 2031, and to assist in preparing the airport’s first Annual Comprehensive Financial Report (ACFR) for FY 2027. The engagement requires adherence to governmental auditing standards, development of audit plans, regular progress meetings, and delivery of audit opinions, internal‑control reports, and ACFR deliverables. The contract is a three‑year base period with two one‑year renewal options. • Audit KCAB’s basic financial statements for FY 2027, 2028, 2029 (mandatory) and optional FY 2030‑2031. • Provide Year‑One ACFR transition services to produce a complete, publication‑ready ACFR for FY 2027. • Deliver detailed audit plans, bi‑weekly progress conferences, entrance/exit meetings, and Board Audit Committee presentations. • Issue audit opinion, internal‑control report, and supplemental reports per Government Auditing Standards. • Monthly invoicing with net‑30 payment; progress payments up to 70 % of fixed fee before draft report delivery. • Contract term: 3 years base, with two optional 1‑year extensions; anticipated implementation start May 3 2027. • Required qualifications: CPA firm experienced with government entities, airports, and ACFR preparation. • Evaluation based on firm reputation (20 %), personnel experience (30 %), audit approach (30 %), and fee (20 %).