Professional Auditing and Agreed -Upon Procedures Services

The Town of New Shoreham, Rhode Island, is soliciting proposals from certified public accounting firms to conduct a comprehensive financial statement audit for the fiscal year ending June 30, 2025, with potential extension options for two subsequent fiscal years. This procurement opportunity, posted on July 21, 2025, with proposals due by August 11, 2025, seeks professional auditing and agreed-upon procedures services. The primary deliverable will be a thorough audit of the town's financial statements, which should provide an independent and comprehensive assessment of the municipality's financial reporting and internal controls. Qualified firms must demonstrate expertise in governmental accounting, have appropriate certifications, and possess experience in conducting municipal financial audits. While specific evaluation criteria are not explicitly detailed in the provided information, typical considerations would likely include the firm's qualifications, technical approach, past performance, and proposed audit methodology. The procurement is specifically targeting professional auditing services within Providence County, Rhode Island, and requires firms to submit detailed proposals demonstrating their capability to perform the required financial examination.

No specific set-aside designations or restrictions for disadvantaged enterprises were explicitly mentioned in the provided contract opportunity information. The procurement appears to be open to qualified certified public accounting firms without apparent limitations on organizational type or size. No incumbent vendors or current contractors were identified in the available documentation. Similarly, no specific infrastructure or technology integration requirements were noted. While a precise budget range was not specified, municipal financial audits typically range from $15,000 to $50,000 depending on the complexity of the town's financial operations and the scope of required audit procedures. Interested firms should carefully review the attached Request for Proposal (RFP) document, "TNS Audit RFP 2025-2027 FINAL.pdf", which likely contains more detailed information about submission requirements, evaluation criteria, and specific expectations for the financial audit services.