Undertake an independent financial audit of the authority in accordance with GAAP and generally accepted auditing standards in accordance with Section 32-605(c) of the Connecticut General Statutes. The contractor will be required to prepare Notes to the Financial Statements. The contractor will be required to develop an executive summary that generally describes the findings of the audits. The summary should be suitable for distribution to CRDA’s Board of Directors. The Authority uses Sage Intacct as its accounting software. Perform a compliance audit of the authority’s activities during the contract term in accordance with Section 32-605(b) of the Connecticut General Statutes. The audit shall determine whether the authority has complied with its regulations concerning affirmative action, personnel practices, the purchase of goods and services and the use of surplus funds.; Undertake an independent financial audit of the Convention Center manager’s special purpose statements of assets, liabilities and net position in accordance with the contract between CRDA and the manager. The contractor will be required to prepare limited Notes to the Financial Statements. The financial activity of the Convention Center is consolidated into CRDA’s financials. The Convention Center uses Sage 300 as its accounting software. Perform a compliance review during the second year of the contract term of the certified payroll of the Connecticut Convention Center in accordance with Section 31-57f of the Connecticut General Statutes. The audit shall determine whether the authority’s manager has complied with its regulations concerning standard wage rates for certain service workers at the Convention Center.
