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<br />e <br /> <br />e <br /> <br />2. <br /> <br />Auditor will perform audits in accordance with generally accepted <br />auditing standards as promulgated by the American Institute of Certifie.d <br />Publtc Accountants that result in opinions on the V6riOUS fin6nci61 <br />statements of the City of La Porte. Auditor also agrees to assess the <br />strengths and weaknesses in internal accounting control and other <br />operating controls, and identify opportunities to improve the efficiency <br />and effectiveness of the accounting and operating processes. Auditor will <br />provide the City Council of the City of La Porte with reports on the <br />Auditors'.comments aod r~cpmmendations regarQing internal accounting <br />control and other operating controls noted during the course of the <br />Auditors' examination. of the financial statements of the City of La Porte, <br />hereafter called the management letter. If conditions are discovered <br />which lead the Auditor to believe that material errors, defalcations or <br />other irreglllanties may exist, or if any other circumstances are <br />encountered that require extended services, the Auditor will promptly <br />advise management, No extended services ~r:e to be.performed unless they <br />are authori.zed by the Ci ty admi ni strat ion. <br /> <br />3. <br /> <br />Auditor agrees to select the necessary procedures to test the City <br />of laPorte's compliance with laws and regulations related to Federal <br />financial as.sistance programs.. Additionally, Auditor agrees to perform a <br />study and evaluation 0.1 the City of laPorte's internal accounting and <br />administrative controls used in administering Federal financial assistance <br />programs. Auditor wPl prepare reports expressit:lg.an opinion on the .city <br />of LaPorte's compliance with laws and regulations related to Federal <br />financial assistance' programs and the City of laPorte's internal <br />accounting and administrative controls used in administering Federal <br />financial assistance programs. Auditor will also be available to meet <br />with the City's Federal cognizant audit agency. <br /> <br />4. <br /> <br />Auditor agrees to maintain a year-round dialogue with <br />management of the City in order to provide business advice and solutions <br />to problems as needed. <br />