Professional Audit Services

The City of Newport, Rhode Island is seeking professional audit services for the fiscal years ending June 30, 2026, 2027, and 2028, with options to extend the contract to the fiscal years ending June 30, 2029, and 2030. The agency requires an independent audit of its financial statements to ensure compliance, accuracy, and proper financial reporting. The scope of work covers the evaluation of the Management’s Discussion and Analysis, the Schedule of Revenues, Expenditures and Changes in Fund Balance, and the Budget and Actual statements. The agency requires all audit work to be performed offsite at the selected vendor's office location. Only onshore organizations based in the United States are eligible to submit proposals for this opportunity. The senior accountant in charge of the audit fieldwork must hold a active Certified Public Accountant license. Bidders must possess an appropriate internal quality control system and participate in an external quality control review program that complies with Government Auditing Standards. The agency requires bidders to submit a copy of their most recent external quality control review report with their proposal. The selected contractor must also submit the results of any subsequent quality control reviews performed during the term of the contract. The agency is currently looking for cost proposals to determine the budget for this project. The source document does not specify evaluation criteria weighting or key procurement dates.