Audit and Agreed Upon Procedures Services

The Town of Westerly, Rhode Island, located in Providence County, is seeking qualified certified public accounting firms to provide comprehensive audit and agreed-upon procedures services for the fiscal year ending June 30, 2025, with potential contract extensions for two subsequent years. The Request for Proposal (RFP) requires the selected auditor to perform a complete financial audit, including government-wide and fund financial statements, and express an opinion on fair presentation in accordance with generally accepted accounting principles. Key deliverables include conducting tests in compliance with government auditing standards, performing required supplementary information procedures, and meeting federal Single Audit Act provisions and Rhode Island state regulations. The evaluation process will utilize a weighted scoring method with a maximum of 100 points, assessing mandatory elements, technical qualifications, and audit approach, with pricing allocated 30 points. Proposals are due by 2:00 pm on May 8, 2025, with an anticipated firm selection by May 23, 2025, and contract execution expected by June 1, 2025.

The RFP does not explicitly specify set-aside designations or restrictions for disadvantaged enterprises. The contract will be a three-year engagement subject to annual review by the Director of Finance, Town Council, and Town Manager, with the Town of Westerly reserving the right to reject any or all proposals. While specific budget ranges are not disclosed, the procurement indicates that cost will not be the primary factor in vendor selection, with greater emphasis placed on the firm's qualifications, governmental expertise, and proposed audit methodology. The selected firm must demonstrate experience with municipal financial audits, particularly those involving school department finances and compliance with the Uniform Chart of Accounts (UCOA) requirements. The Town will prioritize firms with proven track records in governmental accounting and a comprehensive understanding of the unique financial reporting needs of municipal entities.