The Vendor is required to provide to conduct an examination and to render an opinion on the annual financial statement of the town.
- The auditor(s) shall state that the primary purpose of the audit is to express an opinion on the general purpose financial statements taken as a whole and that the audit is subject to the inherent risk that errors or irregularities may occur and not be detected.
- Bank reconciliations for all accounts
- Check registers for all accounts
- Investment activity schedules
- Detailed schedules of revenues and expenditures, expenses, accounts payable and receivable, accrued payroll and encumbrances balanced to the trial balance
- Analysis of other accounts as requested
- Allowance for doubtful accounts calculations
- Adjusted, balanced trial balance for all funds including:
• Interfund accounts balanced
• Transfers in/out balanced
- Final budget vs. actual reports for all funds that have legally approved budgets.
- The auditor is to provide certain limited procedures on the required supplemental information.
- The auditor is to provide an "in-relation-to" report on the combining and individual fund financial statements based on the auditing procedures applied during the audit of the financial statements and the combining and individual fund financial statements and schedules.
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