City of Derby

Buyer seeks a qualified independent certified public accounting firm to conduct an audit and render an opinion on the financial statements of the City, Board of Education, and Derby WPCA. The audit must comply with generally accepted auditing standards, Government Auditing Standards, Uniform Guidance, and Connecticut state requirements. The selected firm will audit all funds, prepare financial statements, perform federal and state single audits, and identify any reportable conditions in the internal control structure.

• 4/21/2025 - RFP Issued
• 5/2/2025 - Questions Due
• 5/7/2025 - Answers Posted
• 5/20/2025 - Proposal Due Date
• 5/21/2025 - Finance Committee Selection
• 5/22/2025 - Board of Alders Approval

• Licensed to perform independent audits of Connecticut municipalities
• Supervisory team members must be CPAs with 4+ years municipal audit experience
• No conflict of interest with work for City of Derby
• Experience auditing Connecticut Municipalities similar in size
• Experience with federal compliance assessments and Uniform Guidance
• Record of quality audit work
• Adequate staffing to complete FY2025 ACFR by December 31, 2025

• Audit all funds for City, Board of Education, and Derby WPCA
• Finalize and print City's Financial Statements with auditor's report
• Perform federal single audit under Uniform Guidance
• Perform state single audit per Connecticut General Statutes
• Identify reportable conditions in internal control structure
• Notify officials of fraud or misapplication of funds
• Provide audit adjustments to Finance Director
• Assist with accounting issues throughout the year
• Complete FY2025 ACFR by December 31, 2025
• Retain working papers for minimum five years