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HAWAII COUNTY COUNCIL <br /> REQUEST FOR INDEPENDENT FINANCIAL AUDIT PROPOSALS <br /> <br /> L INTRODUCTION <br /> A. General Information <br /> The Hawaii County Council, pursuant to Section 10-13 of the Hawai `i County <br /> Charter, is requesting proposals from qualified certified public accountants or firms of <br /> certified public accountants (hereinafter referred to as "Contract Auditor") to audit the <br /> County of Hawai`i's financial statements for each of the four fiscal years commencing <br /> with the fiscal year ending June 30, 2002 through June 30, 2005. The Contract <br /> Auditor shall also conduct a Single Audit of all County programs in receipt of federal <br /> financial assistance. <br /> These audits are to be performed in accordance with generally accepted auditing <br /> standards of the American Institute of Certified Public Accountants (AICPA); the <br /> standards set forth for financial audits in the U.S. General Accounting Office's (GAO) <br /> Government Auditing Standards, as amended; the provisions of the Federal Single <br /> Audit Act, as amended, and U.S. Office of Management and Budget (OMB) Circular <br /> A-133, Audits of States, Local Governments and Non-Profit Organizations. <br /> B. Contract Engagement: Term, Execution <br /> A four-year contract will be entered into, as authorized by Council resolution. <br /> The Contract shall not be binding or of any force until said contract has been fully and <br /> properly signed by all of the parties thereto and approved by the Director of Finance as <br /> to availability of funds and the Corporation Counsel as to form and legality. <br /> C. Rights, Reservations and Considerations <br /> The County Council reserves the right to investigate the financial status, experience, <br /> and records of each proposer, and to require further information from any proposer. <br /> The County Council shall be the sole judge of the facts as to the reliability of the <br /> proposer. Should a proposer fail to meet the qualifications stated herein or fail to <br /> submit additional information requested by the Council, the Council may refuse to <br /> receive or consider any proposal submitted by such proposer. <br /> There is no expressed or implied obligation for the County of Hawaii to reimburse <br /> responding firms for any expenses incurred in preparing proposals in response to this <br /> request. Such costs should not be included in the proposal. <br /> -1- <br /> <br />