Financial Auditing Services

The City of Clermont, Florida has awarded a contract for financial auditing services to Carr, Riggs & Ingram, LLC. The contract is for a period of 5 years, starting from November 12, 2024, and ending on November 11, 2029. The scope of work includes providing financial auditing services, including expressing an opinion on the fair presentation of the City's financial statements in conformity with generally accepted accounting principles. The contract also includes provisions for the auditor to perform certain limited procedures involving supplementary information required by the Governmental Accounting Standards Board. The City's management is responsible for properly recording transactions in the accounting records and maintaining an internal control structure sufficient to permit the preparation of reliable financial statements. The auditor's responsibility is to express an opinion on the financial statements based upon their audit, the responses to their inquiries to the City's management, and the written representations of the City's management. • The contract includes a detailed scope of work, including the provision of financial auditing services and the preparation of draft financial statements, notes, and supplementary schedules. • The contract also includes provisions for the auditor to perform certain limited procedures involving supplementary information required by the Governmental Accounting Standards Board. • The City's management is responsible for properly recording transactions in the accounting records and maintaining an internal control structure sufficient to permit the preparation of reliable financial statements. • The auditor's responsibility is to express an opinion on the financial statements based upon their audit, the responses to their inquiries to the City's management, and the written representations of the City's management. • The contract includes a detailed pricing proposal, including a total all-inclusive price for the services to be provided. • The contract also includes provisions for the auditor to provide additional services, including hourly rates for additional work.