Auditing Services for Ky State Fair Board (KSFB)

The Kentucky State Fair Board (KSFB) is seeking a qualified independent auditor to perform annual audits in accordance with generally accepted auditing standards and government Auditing Standards. The initial audit work should begin as early as possible before the annual State Fair in August with completion in September following the Fair. The requested audit services include calculations of KSFB's net pension liability, pension expense, and deferred outflows and inflows of resources, as well as Postemployment benefits other than pensions (OPEB) liabilities, OPEB expense, and deferred outflows and inflows of resources. The audit services should also include calculations of KSFB's liability for compensated absences and lease receivable and related deferred inflow of resources for certain lease agreements. • Annual audits of KSFB's financial statements • Audits of major lessees such as the Crowne Plaza and the Hyatt Regency of Louisville • Cash audits of the Board's ticket offices • Review and implementation of future accounting pronouncements • Surprise audits of parking receipts