BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Standard On-Call Consultant Agreement with TAP International, Inc. (TAP International) for Board Independent Auditing Services.
End
RECOMMENDATION:
Recommendation
Approve the Standard On-Call Consultant Agreement with TAP International, Inc. for Board independent auditing services at a not-to-exceed amount of $405,000.
Body
SUMMARY:
The Board's Audit Committee (Audit Committee) recommends the District enter into this Consultant Agreement with TAP International, Inc. to provide on-call audit consulting services for a period of three years.
The Board's Audit Committee consists of three directors and was established to assist the Board of Directors with identifying potential areas for audit and audit priorities, and to review, update, plan and coordinate execution of Board audits.
TAP International will serve as an on-call advisor to the Audit Committee in fulfilling its duties, responsibilities, and functions. Specifically, they will assess operational risks and advise on potential audits to ensure the District is in compliance with its policies, procedures, and regulations. TAP International will also conduct audits and assist in preparing an annual program of audits with associated schedules and budgets; prepare formal and informal reports, and presentations to the Audit Committee and the full Board of Directors on an as-needed basis.
A California certified small business, TAP International is a management consulting firm that has provided audit management support services for domestic and international government agencies, including the County of Sonoma, the Republic of the Marshall Islands, North Dakota State Auditor's Office, the Washington State Auditor's Office, and the Los Angeles Metropolitan Transportation Authority.
In 2014, TAP International completed a transparency and accountability audit of District operations. This transparency audit assessed the District's compliance with key transparency and ac...
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