The Contractor shall audit the accounts and records of the Public Housing Agency for the 12-month period ending March 31, 2025 (a) in accordance with generally accepted Government auditing standards and the auditing and reporting provisions OMB 2 CFR Part 200, Notices PIH-95-31 and 2005-11 and the Uniform Financial Reporting Standards for HUD Housing Programs and (b) in conformance with the State of New Jersey Statutes and Regulations, New Jersey Administrative Code 5:31.7. The audit performed shall be sufficient in scope to enable the Contractor to express an opinion in the audit report on the financial statements of the Public Housing Agency. ** The contract is for a one-year term, renewal for an additional year at the agreement of both parties. The books of account and financial records to be audited are maintained and are located at the Public Housing Agency's office at 881 Amboy Avenue, Perth Amboy, New Jersey. These books and records will be made available to the Contractor by the Executive Director of the Public Housing Agency at the Contractor's request for the Contractor's use at the Public Housing Agency's office during normal business hours. If the Contractor ascertains that the Public Housing Agency's books and records are not in a sufficiently satisfactory condition for performing an audit, the Contractor shall disclose this deficiency to the Public Housing Agency. If the Public Housing Agency cannot get its books ready for an audit within 15 days, than the IPA should notify the Government and the State of New Jersey DCA. Notification to the Government and DCA shall be by written communication addressed to the Regional Inspector General for Audit, Regional Office, Department of Housing and Urban Development, 26 Federal Plaza, New York and New Jersey Department of Community Affairs, Division of Local Government Services, 101 South Broad Street, CN 803, Trenton, New Jersey 08625-0803.
