10-12-1988 Council Agenda - Laserfiche WebLink

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VI. If any circumstances disclosed by the audit and examination call for a more detailed investigation that would be necessary under ordinary circumstances, such circumstances will be called to the attention of the City authorities before proceeding further with such investigation. If authorized to proceed further with an investigation in this area, compensation for these additional services shall be at the regular rates designated in this agreement. VII. The Auditors will expand the scope of the examination to comply with audit regulations as promulgated by the Single Audit Act of 1984 (P.L. 98 -502) if the City receives $100,000 or greater of federal aid during the year of audit. The audit scope will be expanded for compliance with said legislation unless the Auditors receive a written request to not expand the scope of the examination. Non - compliance with the Single Audit Act of 1984 will require disclosure in the Auditor's report and we will notify the City of potential sanctions for such non - compliance. We will expand audit reports issued to the City to meet federal reporting standards in the areas of: 1) our study and evaluation of internal accounting controls; 2) federal program identification; and, 3) our findings (if any) regarding non - compliance with federal regulations. Additional audit fees related to the expanded scope shall be billed don the basis of the hourly rates contained herein and shall be billed separate from other claims for payment. Auditor certifies that its officers are Certified Public Accountants, licensed by a regulatory authority of the State of Minnesota. Certificate No. Robert J. Voto 2192 Robert G. Tautges 4350 James S. Redpath 5846 The Auditor further certifies that it meets the independence standards as promulgated by the General Accounting Office (GAO) Standards for Audit of Government Organization, Programs, Activities and Functions (1988 revision). Page 63