Specifications include, but are not limited to: 1. The audit will encompass a financial and compliance examination of the Town’s basic financial statements, supplementary information and compliance reports. 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 AccountabilityOffice;• 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 Audits issued by the American Institute of Certified Public Accountants; and• All other applicable laws and regulations.2. The Auditor will be responsible for the preparation and printing of the Comprehensive Annual Financial Report (CAFR), basic financial statements, supplementary information,compliance reportsand MS-5, as required by the Department of Revenue Administration; both in format and by the prescribed due date as determined by the State of New Hampshire.The Auditor will submit a draft of the financial statements to be reviewed in detail by the Chief Financial Officerand the Town Administrator. This draft shall be submitted to the Town in time to allow ample review and corrections.3. The audit shall result in the preparation of financial statements from the audited records of the Town with the Auditor’s opinion thereon. The Auditor’s opinion shall be expressed in the report and include reasons for qualifying the opinion, disclaiming the opinion, orrendering an adverse opinion.4. If required, 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 1996.5. The auditor should also be familiar with and prepared to advise Town staff onhow 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.
