Town Of North Stonington

Buyer is requesting proposals from qualified certified public accountants to audit financial statements for fiscal years ending June 30, 2025, 2026, and 2027. The audit must be performed according to generally accepted auditing standards and government requirements. Buyer requires comprehensive reports on financial statements, compliance, and internal controls, with special attention to school district expenditures.

• 6/20/2025 - Proposal Due Date
• 7/16/2025 - Selection of firm completed
• 7/30/2025 - Engagement letter execution

• Firm must be qualified to perform independent audits of Connecticut municipalities
• Must have audited a Connecticut municipality with 5,000+ population
• Office must be located within Connecticut
• Supervisory members should be CPAs with three years municipal audit experience
• At least one CAFR must have GFOA Certificate of Achievement

• Audit financial statements in accordance with generally accepted auditing standards
• Express opinion on comprehensive annual financial statements
• Perform audit in compliance with Federal Single Audit Act requirements
• Comply with Connecticut State Single Audit Act provisions
• Issue reports on compliance and internal controls
• Provide reports on federal and state financial assistance
• Communicate findings regarding significant deficiencies to Board of Finance
• Prepare special report on school district expenditures
• Attend meetings to present and discuss audit findings
• Maintain working papers for minimum of five years