All proposals must provide for an audit and reports related to the areas listed below. These reports are to be submitted to the Eastern Kentucky University Board of Regents, state and federal officials, and other governing or regulatory bodies as required. All reports, management letters and material to be presented to the Board of Regents will be reviewed with the audit committee, financial staff and other officers of the University prior to the release of the reports. Attachment C lists the tentative due dates for each of the following services and the number of report copies required to be furnished to the University. An electronic version of all reports is also required.
Audit and issuance of independent auditor's report of all general purpose financial statements performed in accordance with Government Auditing Standards and generally accepted auditing standards.
Provide continuing technical assistance in the preparation of general financial statements in accordance with GASB pronouncements.
Issuance of independent auditor report on compliance with House Bill 622 (KRS 164A.555 through 164A.630) entitled Financial Management of Institutions of Higher Education, based on the audit of the general purpose financial statements.
3.1.3 Issuance of report on compliance and internal controls over financial reporting.
Issuance of the University’s Lease Law Compliance Report. This report should include auditor’s documentation of testing procedures performed, sample selection methods, and summary of the auditor’s results in accordance with KRS 56.800 through 56.823, KRS 48.111, and KRS 48.190. It is believed there will be less than 20 leases to be tested.
Perform an audit of subsequent events for the period from the date of the auditor's report on Eastern Kentucky University's Financial Statements until approximately December 18. The auditor shall detail the application of subsequent event audit procedures and report the results of these procedures in a letter issued to the Auditor of Public Accounts no later than approximately December 22.
Audit and issuance of independent auditor's report on the financial statements of WEKU Radio Station.
Issuance of the financial and compliance attestation report of the WEKU Radio Station for the Corporation of Public Broadcasting (CPB) in accordance with the Public Telecommunications Act.