The Town of North Stonington desires the auditor to express an opinion on the fair presentation of its financial statements and schedules. To meet the requirements of this request for proposals, the audit shall be performed in accordance with generally accepted auditing standards as set forth by the American Institute of Certified Public Accountants, the standards for financial audits set forth in the U.S. Comptroller General's Government Auditing Standards, the provisions of the Single Audit Act of 1984, as amended in 1996, the provisions of U.S. Office of Management and Budget (OMB) Circular A-133, Audits of States. Local Governments and Non-profit Organizations, and in conjunction and conformity with the Connecticut Single Audit Act. D. Reports to be Issued Following the completion of the audit of the fiscal year's financial statements, the auditor shall issue, as required by generally accepted auditing standards, and Government Auditing standards, OMB Circular a-133, and the Connecticut Single Audit Act, including but not limited to the following: • A report on the fair presentation of the financial statements in conformity with generally accepted accounting principles. • A report on compliance and on internal control over financial reporting based on an audit performed in accordance with Government Auditing Standards. • A report on the Schedule of Expenditures of Federal Financial Assistance. • A report on compliance and internal control over compliance that could have a direct and material effect on each major federal award program. • A report on the Schedule of Expenditures of State Financial Assistance. • A report on compliance and internal control over compliance that could have a direct and material effect on each major state program.
