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I 1 4. Specific Audit Approach • Report on compliance for each major federal I Audit of Financial Statements program and major state project and on internal control over compliance required by GLSC will perform an audit of the basic OMB Compliance Supplement, Section financial statements, which includes the 215.97 Florida Statues an 10.650, Rules of I financial statements of the governmental the Florida Auditor General, if applicable, activities, the business-type activities, each and Chapter 10.550 Rules of the Auditor major fund, and the aggregate remaining fund General. I information and the related notes to the financial statements of the City of Sunny Isles • Management Letter required by Chapter Beach for the fiscal year ending September 30, 10.550 of the Rules of the Auditor General 2016 in order to express an opinion on the fair of the State of Florida, including examination I presentation of the City's general purpose report conducted in accordance with AICPA financial statements in conformity with Professional Standards, Section 601, accounting principles generally accepted in the regarding compliance requirements in I United States of America. Our audit will be Chapter 10.550, Rules of the Auditor conducted under auditing standards generally General accepted in the United States of America and the standards applicable to financial audits We will provide an "in relation to" report on the I contained in Government Auditing Standards, combining and individual fund financial issued by the Comptroller General of the statements and supporting schedules based on United States; and Chapter 10.550 Rules of the the auditing procedures applied during the audit I Auditor General. Our audit will include procedures to determine whether the of the general-purpose financial statements, and perform certain limited procedures involving operations of the City are properly conducted in required Management's Discussion and Analysis accordance with legal, regulatory, grant and and supplementary information required by the I contractual requirements, including Florida Governmental Accounting Standards Board. Statutes, Federal Laws and the City Commission's policies and procedures. In addition, we will also: IWork Product and Results • Determine the financial report the City filed with the Florida Department of Financial The firm will issue the following reports in Services is in agreement with the financial I accordance with applicable rules and statements for each fiscal year. standards on or before February 25 of each year for the City based on the availability of the • Assist the City in complying with the GASB 68 information provided by FRS: requirements of the Auditor General regarding the City's assessment of its • Report on an audit of the financial financial condition. statements conducted in accordance with I auditing standards generally accepted in the United States of America, and the • Prepare a management letter pursuant to the requirements of the Auditor General of standards applicable to financial audits the State of Florida. I contained in Government Auditing Standards, issued by the Comptroller • with the preparation of schedule of General of the United States. state and federal awards. I • Report on Internal Control over Financial • Assist with the preparation of the Reporting and on Compliance and Other Comprehensive Annual Financial Report Matters based on an audit of Financial (CAFR). Statements in Accordance with IGovernment Auditing Standards. • Perform limited procedures involving required supplementary information required by Governmental Accounting Standards I Board (GASB). PROPOSAL GLSC&COM PANY, PLLC RFP t# 15-12-01 Ic etraftei peons,acrania.,, Page 8