Professional Municipal Auditing Services

Bid Information Bid Alert No: 00002551239 Bid Title: Professional Municipal Auditing Services Agency Bid No. Title: 30-21 Received Date: 03/25/2021 Close Date: 04/06/2021 Purchase Type: Term: Delivery Point: Portsmouth, New Hampshire Delivery Date: Not Stated Special Notices: Bidder Preregistration Specifications Specifications include, but are not limited to: 1.The audit will encompass a financial and compliance examination of the City of Portsmouthbasic financial statements, supplementary information, compliance reports and Comprehensive Annual Financial Report (CAFR). The financial and compliance audit will cover federal, state and local funding sources in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in the following:Government Auditing Standards issued by the U.S. Government Accountability Office; Single Audit Act of 1984 and Single Audit Act Amendments of 1996, if

applicable;Provisions of the U.S. Office of Management and Budget OMB Circular No. A-133, Audits of States, Local Governments, and Non-Profit Organizations, if applicable;Government Auditing Standards and Circular A-133 Auditsissued by the American Institute of Certified Public Accountants; and All other applicable laws and regulations. 2.The Auditor will be responsible for assisting with the preparationof the basic financial statements, supplementary information, compliance reports and the Citys GFOA Award winning CAFR. The Director of Finance & Administration will be actively involved in preparing the Management Discussion and Analysis (MD&A), other schedules section and supplementary information. The Auditor will submit a draft of the financial statements to be reviewed in detail by the Director of Finance & Administration. This draft shall be submitted to the City in time to allow ample review and corrections. CAFR submission deadline to National GFOA is December 31, for each respective year.3.The audit shall result in the preparation of financial statements from the audited records of the City with the Auditors opinion thereon.The Auditors opinion shall be expressed in the report and include reasons for qualifying the opinion, disclaiming the opinion, or rendering an adverse opinion.4.The Auditor shall perform the audit and prepare all reports pertaining to the Single Audit Act of 1984 and the Single Audit Act Amendments of 1996. The Auditor is not required to audit the schedule of federal financial assistance. However, the Auditor is to provide an in-relation-to report on that schedule based on the auditing procedures applied during the audit of the financial statements. 5.The auditor should also be familiar with and prepared to advise City of Portsmouthstaff on how to best implement both current and proposed GASB Statements. In addition, the auditor is also expected to provide informal advice and consultation throughout the year on matters relating to accounting and financial reporting. This would not necessarily include any task that entails significant research or a formal report. Bid Related Documents Download Document Amendments Download Amendment Product Code: 94620 Agency Information Issuing Agency: City of Portsmouth State: New Hampshire Agency Type: State and Local Contact: 1 Junkins Ave, Portsmouth, New Hampshire, 03801 < PREVIOUS PAGE