Specifications include, but are not limited to: The Town desires the auditor to express an opinion on the fair presentation of its general purpose financial statements in conformity with general accounting principles. The financial statements shall be evaluated for conformity with generally accepted accounting principles and for compliance with state and federal laws. The audit shall be a financial and compliance review of all account and funds of the Town. The audit firm shall submit a written report, containing an expression of opinion regarding the financial statements of the Town. The audit firm shall submit a management letter, which shall identify management and internal control weaknesses, if any, and propose steps to correct them.
