2026 Audit RFP

The Village of Mount Prospect is seeking an auditor to express an opinion on the fair presentation of its basic financial statements in conformity with generally accepted accounting principles. The auditor will also be responsible for performing certain limited procedures involving required supplementary information and providing an "in-relation-to" opinion on the supporting schedules. The Village is also interested in having the selected auditor perform an in-depth assessment of its major business processes, including accounts payable, payroll, cash receipts, and utility billing. • The auditor shall issue a report on the fair presentation of the financial statements in conformity with generally accepted accounting principles. • The auditor shall issue a report on compliance and internal control over financial reporting based on an audit of the financial statements. • The auditor shall issue a report on compliance and internal control over compliance applicable to each major federal program. • The auditor shall respond to the reasonable inquiries of successor auditors and allow successor auditors to review working papers relating to matters of continuing accounting significance.