The required services for the consultant for each fiscal period audit will include the following: 1. An independent financial audit of the Town’s Annual Comprehensive Financial Report (ACFR) and federal awards programs, conducted in accordance with auditing standards generally accepted in the U.S., Government Auditing Standards promulgated by the Comptroller General of the U.S., and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). 2. Completion of the Massachusetts DESE’s Report on Applying Agreed Upon Procedures over compliance applicable to Massachusetts School Districts’ End of Year Pupil and Financial Report for each of the next five fiscal years. 3. A minimum of two (2) site visits as chosen annually by the Town Manager and Finance Director, in consultation with the Audit Committee with any findings and recommendations to be reported in the Management Letter. 4. Completion of a written Management Letter which shall identify any control deficiencies and/or opportunities for strengthening internal controls and operating efficiencies as may have come to the auditor’s attention during the conduct of the audit. The final copy of the Management Letter shall include the response of Town management to each comment including, where appropriate, Town management’s anticipated implementation schedule. 5. In addition to completing the annual audit, the accounting firm shall be available during normal business hours, throughout the contract period, to provide the Town with advice and guidance on financial accounting and reporting issues. 6. The accounting firm will also be expected to keep the Town staff informed of requirements
