Specifications include, but are not limited to: The City of Cedar Rapids desires the Auditor to express an opinion on the fair presentation of its general purpose financial statements in conformity with generally accepted accounting principles. 2.2 Reports to be Issued - Following the completion of the audit of the fiscal year’s financial statements, the Auditor shall issue: a) A report on the fair presentation of the City’s financial statements in conformity with generally accepted accounting principles. b) A report on the fairness of presentation of the City’s Schedule of Expenditures of Federal Awards. c) A report on the fairness of presentation of the City’s financial statements and comparison to U.S. Department of Housing and Urban Development Real Estate Assessment Center (REAC). d) Independent auditor’s report on internal control over financial reporting and on compliance and other matters based on an audit of financial statements performed in accordance with Government Auditing Standards. e) Independent auditor’s report on compliance with requirements applicable to each major program and on internal control over compliance in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. f) A schedule of findings and questioned costs and corrective action plan. g) A report on the fair presentation of the Cedar Rapids/Linn County Solid Waste Agency’s financial statements in conformity with generally accepted accounting principles. h) A report on the fair presentation of the Corridor Metropolitan Planning Organization’s financial statements in conformity with generally accepted accounting principles. i) Required communications per United States of American (AU-C 260, The Auditor’s Communication With Those Charged with Governance) between auditor and management. j) Summary of significant accounting estimates. k) Summary of uncorrected misstatements. l) Independent auditor’s report on compliance with policy and procedures concerning the use of Airport revenues and internal control over compliance. m) Independent auditors report on compliance with requirements applicable to the Passenger Facility Charge Program and on internal control over compliance. n) Other reports and related services as mutually agreed upon between the Consultant and the City...
