The Town of Smithfield is seeking proposals for a one-year audit for Fiscal Year Ending June 30, 2021 with two one-year extensions for Fiscal Years Ending June 30, 2022 and June 30, 2023 of the Town, including the School Department. Continuation beyond the initial fiscal year will be at the discretion of the Smithfield Town Council. Sealed proposals must be submitted to the Smithfield Finance Director’s Office (64 Farnum Pike, Smithfield, RI 02917). Proposals shall be clearly labeled on the outside of the envelope as “FINANCIAL AUDIT AND AGREED-UPON PROCEDURES PROPOSALS”.
The audit(s) must be conducted in accordance with generally accepted auditing standards established by the American Institute of Certified Public Accountants, the standards for financial audits set forth in Government Auditing Standards issued by the Comptroller General of the United States, the standards contained in the amended (July 1996) Single Audit Act of 1984 and the provisions of OMB Guidance 2 CFR part 200 - Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (OMB Uniform Guidance) - Subpart F – Audit Requirements.
The individual firm submitting a proposal must be licensed to practice public accounting in the State of Rhode Island by the State Board of Accountancy.
