Town of Westerly

Buyer seeks a qualified CPA firm to audit its financial statements for fiscal year ending June 30, 2025, with option for two subsequent years. The engagement includes financial statement audit, federal single audit, and agreed-upon procedures for UCOA compliance. Services must comply with generally accepted auditing standards, Government Auditing Standards, and requirements of the Rhode Island Auditor General and Department of Education.

• 4/17/2025 - RFP Issued
• 4/30/2025 - Questions Due
• 5/8/2025 - Proposal Due Date
• 5/23/2025 - Award Notification
• 6/1/2025 - Contract Date
• 11/15/2025 - Draft Reports Due
• 11/30/2025 - Final Reports Due

• Independence under AICPA and Government Auditing Standards
• Licensed to practice in Rhode Island
• External quality control review participation
• GAAP and Government Auditing Standards expertise
• Continuing education requirements compliance
• Experience with municipal financial reporting

• Audit town's financial statements with GAAP compliance
• Prepare annual comprehensive financial report (ACFR)
• Perform Single Audit for federal awards compliance
• Test and report on UCOA compliance for school department
• Issue reports on internal controls and compliance
• Evaluate federal grant expenditures per OMB guidelines
• Provide management letter with recommendations for improvement
• Reconcile UCOA database uploads with financial statements
• Test tuition cost coding compliance with UCOA requirements
• Verify proper payroll and professional development coding