City of Euless

Buyer is seeking qualified firms of Certified Public Accountants to conduct annual audits of its financial statements. The engagement covers three fiscal years ending September 30, 2025-2027, with optional renewals for two additional years. Services include preparing the ACFR, conducting Single Audits if required, reviewing investment practices, and verifying DFW Revenue Sharing Agreement calculations. The audits must follow generally accepted auditing standards and other applicable requirements.

• 5/6/2025 - Deadline for questions
• 5/13/2025 - Proposal Due Date
• 6/24/2025 - City Council award of contract
• 6/30/2025 - Contract execution
• 8/11/2025 - Interim work begins
• 11/17/2025 - Audit fieldwork begins

• Firm must be independent and licensed to practice in Texas
• Professional staff must have received adequate continuing professional education
• Firm must submit copy of recent external quality control review
• Firm must have no conflict of interest with the City

• Conduct annual audit of financial statements for three fiscal years
• Prepare the Annual Comprehensive Financial Report (ACFR)
• Perform Single Audit if federal funding thresholds are met
• Review city's investment practices and Investment Policy
• Verify annual DFW Revenue Sharing Agreement calculation
• Issue separate financial statements for Euless Development Corporation
• Present audit findings to City Council
• Evaluate internal control structure and compliance
• Audit component units including EDC, CCPD, and TIRZ zones
• Provide progress reports and hold entrance/exit conferences