6. PURVIS & GRAY, CERTIFIED PUBLIC ACCOUNTANTS - AICPA Peer Review

Audit Selection Committee · 2026-05-06 · agenda_item

The City of Palatka's Audit Selection Committee is reviewing proposals for external auditing services. This process involves evaluating qualified certified public accounting firms based on their qualifications, experience, and approach to government audits. The committee has met to discuss proposals and will recommend a ranking of the top three firms. This ranking will then be sent to the City Commissioners for approval to negotiate with the highest-ranked firm. This audit service is planned to ensure timely completion of the annual financial audit, compliance with state and federal requirements, and accurate financial reporting. The scope of work will involve reviewing financial statements, compliance with government auditing standards, and reporting for grants and federal requirements. Local businesses in accounting and professional services can benefit by understanding this process early. Engaging with the city or the selected firm before final contracts are awarded could present opportunities for related support services or future collaborations.