Specifications include, but are not limited to: 1. The Selected firm will perform audits of City of New Haven businesses selected by the firm and the City Assessor. The Assessor will make available Personal Property Declarations of selected taxpayers together with prior years declarations and other pertinent information. The selected firm will analyze the submitted data and will, if necessary, conduct site visits that will include visual inventory of personal property and an audit of the taxpayers’ applicable records. 2. The auditor will initiate contact with each selected account by letter, advising the taxpayer of its selection by the city for a personal property audit and requesting access to their records in accordance with CT General Statutes. 3. The auditor will arrange for the physical inspection, examination and review of each account’s records. 4. The auditor will review, compare and reconcile each accounts property tax declaration for each relevant year with federal and state income tax returns and/or internal fixed asset records maintained by the taxpayer including but not limited to audited financial statements. 5. The auditor will analyze the leased equipment used by each taxpayer in each relevant assessment or fiscal year. 6. The auditor will review the listing of fixed assets recorded as leasehold improvements and items the taxpayer claims should be excluded as realty. The auditor will determine if any items of personal property are not being reported. 7. The auditor will review the list of items purported to be out of town, declarations filed in other towns and shipping documents. 8. The auditor will review receipts for items reported as sold or scrapped. Examine and reconcile sales receipts, salvage receipts and confirm item location with site visit. 9. The auditor will prepare and submit a detailed report to the City of each account. In all cases, whether audits reveal discrepancies or not, the assessor will be provided with a written report summarizing the procedures used, with the results and all necessary supporting documentation.