What the buyer needs
AI summaryThe Town of Montville requests proposals for professional auditing services for fiscal years 2026, 2027, and 2028, with an option to extend for an additional year. The selected independent auditor must issue a separate management letter addressed to the Finance Director detailing recommendations for internal control improvements, accounting procedures, and nonreportable conditions. Bidders must submit cost proposals using the Attachment A format, stating a total all-inclusive maximum price that incorporates all direct and indirect expenses. Submissions must be placed in a sealed envelope marked "RFP – Auditing Services," signed by a company official, and delivered to the Finance Office by 10:00 a.m. on December 10, 2026. The Finance Committee will evaluate all submitted proposals.
Scope of work
- Audit all funds of the Town of Montville and render reports on Government-Wide and Fund Financial Statements
- Prepare a Comprehensive Annual Financial Report (CAFR) fully compliant with GASB requirements
- Apply limited audit procedures to Management Discussion and Analysis and required supplementary information
- Perform a federal Single Audit on grant expenditures in accordance with OMB Circular A-133
- Perform a state Single Audit on grant expenditures in accordance with State of Connecticut guidelines
- Issue a separate management letter including recommendations for internal control improvements and nonreportable conditions
- Conduct a complete review and certification of the ED001 form and supporting documents for the State Department of Education
- Provide report preparation, editing, printing, binding, and a PDF version of the CAFR for electronic posting
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Mandatory Elements (independence, CT licensing, absence of conflicts, adherence to RFP instructions, peer review report) | Not specified |
| Past experience and performance on comparable government engagements | Not specified |
| Quality of professional personnel and management support personnel assigned | Not specified |
| Adequacy of proposed staffing plan for segments of the engagement | Not specified |
| Thoroughness of approach and demonstration of understanding of audit objectives and scope | Not specified |
| Commitment to timeliness in the conduct of the audit | Not specified |
| Proposed cost of services considered in conjunction with other items | Not specified |
Minimum qualifications
- Certified public accountant firm maintaining an office in the State of Connecticut
- All assigned key professional staff properly licensed to practice in Connecticut
- Independent of the Town of Montville under GAAS and GAO standards
- At least five years experience in audits of local governments
- Experience with preparation of Comprehensive Annual Financial Statements
Documents to include with your response
- Signed Transmittal Letter
- Technical Proposal
- Affirmative statement of Connecticut office location and staff licensing
- Affirmative statement of independence
- List of all current municipal clients
- Most recent external quality control review (peer review) report
- Information on federal or state desk/field reviews and disciplinary actions for past 3 years
- Resumes of principal supervisory and management staff including relevant CPE
- List of up to 5 similar government engagements performed in the last 3 years
- Audit Work Cost Proposal Form (Attachment A) in a sealed dollar cost bid
How to submit
- Method
- Sealed hard copy and USB drive
- Instructions
- Submit three (3) copies and a USB drive of the proposal in a sealed envelope marked 'RFP – Auditing Services' to Julie Chapman, Director of Finance, 310 Norwich/New London Turnpike, Uncasville, CT 06382.