Town Of North Stonington

Buyer is requesting proposals from qualified certified public accountants to audit its financial statements for fiscal years ending June 30, 2025-2027. The audits must be performed in accordance with generally accepted auditing standards, Government Auditing Standards, Federal Single Audit Act, and Connecticut Single Audit Act. Buyer requires a comprehensive review with reports on financial statements, internal controls, and compliance with federal and state programs.

• 5/23/2025 - Proposal Due Date
• 7/16/2025 - Selection of firm completed
• 7/30/2025 - Contract execution

• Must be qualified to perform independent audits of CT municipalities
• Must have audited a CT municipality with population of 5,000+ in 2024
• Must have office located within Connecticut
• Supervisory audit team members must be CPAs with 3+ years experience
• Must submit two CAFR reports from CT municipalities

• Audit financial statements for fiscal years 2025-2027
• Express opinion on financial statements in accordance with GAAP
• Perform audits following Government Auditing Standards
• Meet Federal Single Audit Act and OMB Circular A-133 requirements
• Comply with Connecticut Single Audit Act provisions
• Provide compliance reports for federal financial assistance
• Deliver reports on internal control over financial reporting
• Issue management letter regarding significant deficiencies
• Prepare special report on school district expenditures
• Present findings to Board of Finance in December