Independent Auditor to Provide External Auditing Service

2026-11-03

The audit of Cary ’ s Annual Comprehensive Financial Report ( ACFR ) and the related systems shall be performed in accordance with the laws and regulations of the State of North Carolina , which include requirements for the minimum scope of Cary ’ s audit . The audit firm shall comply with generally accepted auditing standards as required by the American Institute of Certified Public Accountants and Government Auditing Standards , issued by the Comptroller General of the United States . The audit firm shall apply auditing procedures necessary to render an opinion as to the general - purpose financial statements , taken as a whole , in conformance with generally accepted accounting principles . 2 . The scope of the audit and all fee quotes presented should include all approved and known pronouncements through the date of proposal submission . This includes but is not limited to Governmental Accounting Standards Board statements and Government Auditing Standards . Although some pronouncements will not be in effect until after the first year of the audit , quotes for future years should include pronouncements that will become effective during that contract period . The audit firm will be expected to advise appropriate Town staff on the applicability of accounting and reporting standards as they become effective . 3 . The financial audit opinion will cover the financial statements for the governmental activities , the business - type activities , each major fund and the remaining fund information , which collectively constitutes the basic financial statements . The combining and individual financial statements , schedules , and related information are not necessary for fair presentation , but will be presented as additional analytical data . This supplemental information , as required by GASB 34 , will be subjected to the tests and other auditing procedures applied in the audit of the basic financial statements , and an opinion will be given as to whether the supplemental information is fairly stated in all material respects in relation to the basic financial statements taken as a whole . The auditor shall express an opinion on the budgetary comparison information for the General Fund , the major funds , and any annually budgeted special revenue funds . An opinion will not be given on the Management Discussion and Analysis .

North Carolina

2026-05-05