Description
The City of Port Arthur is seeking a qualified firm to provide auditing services for the city's financial statements. The selected firm will be responsible for performing an audit of the city's financial statements in accordance with generally accepted auditing standards. The audit will include expressing an opinion on the fair presentation of the financial statements, as well as providing reports on internal control and compliance with laws and regulations. The firm will also be required to provide an "in-relation to" report on the schedule of federal financial assistance. The city is looking for a firm with experience in auditing local governments and a strong understanding of government accounting standards. The firm should be able to provide a detailed work plan, including an explanation of the audit methodology and approach. The city is also looking for a firm that can provide high-quality service and meet the city's needs in a timely and efficient manner. Some key points to consider include:
• The city's fiscal year begins on October 1 and ends on September 30
• The city has a total payroll of approximately $44 million covering 758 employees
• The city participates in several pension plans, including the Texas Municipal Retirement System
• The city has a Retiree Health Insurance Program and related OPEB Trust
• The audit will be performed in accordance with generally accepted auditing standards and government auditing standards
• The firm will be required to provide a report on internal control and compliance with laws and regulations
• The firm will also be required to provide an "in-relation to" report on the schedule of federal financial assistance