Audit & Agreed-Upon Procedures Services

The Town of South Kingstown, Rhode Island, located in Providence County, is seeking proposals for comprehensive Audit & Agreed-Upon Procedures services for the fiscal year ending June 30, 2025, with optional extensions for two subsequent fiscal years. The procurement targets qualified certified public accountant firms to conduct a thorough financial audit, including government-wide financial statements, fund financial statements, and accompanying notes in compliance with generally accepted accounting principles. Key deliverables include expressing an opinion on financial presentations, performing supplementary information procedures, and conducting compliance testing across various municipal financial domains. The evaluation process will allocate a maximum of 100 points, with 40 points for qualifications, 30 points for audit approach, and 30 points for pricing, emphasizing that cost is not the primary selection factor. Proposals are due by 10:00 AM on May 2, 2025, with an anticipated contract execution date of June 4, 2025, and an expected initial audit completion deadline of December 9, 2025. The selected auditor will be responsible for detailed requirements such as testing compliance with the Uniform Chart of Accounts (UCOA), examining transaction coding, reviewing payroll and professional development costs, and preparing reports for the Rhode Island Department of Education and the Office of the Auditor General.

While the Request for Proposal does not explicitly mention specific set-aside designations or restrictions for disadvantaged enterprises, the document outlines comprehensive requirements for the audit firm. The town will provide workspace, documentation, and support for the audit, and the selected firm must retain audit documentation for a minimum of five years and be prepared to respond to inquiries from successor auditors and state authorities. No incumbent vendor information is provided in the available documentation. The proposal does not specify a precise budget range or award value, though the comprehensive nature of the audit suggests a significant professional services contract. The audit firm will need to demonstrate extensive experience in municipal financial auditing, with particular expertise in governmental accounting standards and Rhode Island-specific reporting requirements. The contract appears designed to ensure rigorous financial oversight and transparency for the Town of South Kingstown's financial operations.