A. Scope of Work - The Borough of Kenilworth intends to procure certain services as part of this solicitation, the scope of work for such services should be understood, at a minimum, as follows: (1) Perform Annual Audit to include department and agencies pursuant to N.J.S.A. 40A:5-4; (2) Review the Annual Budget, Financial and Debt Statement prior to their filing/adoption consistent with statutory deadlines; (3) Perform audit of Deferred Compensation Plan; (4) Perform audit of all Trust and Escrow Funds; (5) Perform audit of LOSAP; (6) Respond to inquiries concerning financial and tax matters associated with the Borough on an as needed basis. (7) All auditing must be done in accordance with U.S. generally accepted auditing standards and the standards applicable to financial statements contained in the Government Auditing Standards issued by the Comptroller General of the United States, the audit requirements prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey and the provisions of U.S. Office of Management and Budget Circular A-133, “Audits of States, Local Governments and Non-Profit Organizations” and State of New Jersey OMB Circular 04-04, “Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid”.
