Audit Services

The Vendor is required to provide auditing services as may be required for fiscal years ending June 30, 2026, through June 30, 2028, and may be extended thereafter.
- Requirement:
•    The auditor shall examine the balance sheets, statements of revenue, expenditures and fund balances of all funds and account groups of the commonwealth regional council for fiscal accounting period. (agency fiscal year is July 1 – June 30th)
•    The auditor shall calculate the new indirect rate for the commonwealth regional council.
•    The auditor shall conduct his examination and render his report in accordance with generally accepted government auditing standards as defined by governmental auditing standards issued by the comptroller general of the united states, and the agency auditor of public accounts’ specifications for audits of authorities, boards, and commissions.
•    The auditor will adhere to generally accepted government auditing standards including a review of the council’s system of internal control and accounting as same relates to accountability of funds and adherence to budget and law requirements applicable thereto that the auditor will make a written report, which shall be a part of the written report of audit, to the council setting forth the auditor’s findings, together with the auditor’s recommendations for improvement. 
•    The auditor shall file one (1) copy of said report with the auditor of public accounts, agency for approval within 90 days after the close of the accounting period.
•    The auditor shall, after completing his examination, submit to the council a written report of audit. 
•    This report will include, at least, all the financial statements and notes thereto prepared in accordance with generally accepted accounting principles, supplementary information requested by the client or required for full disclosure under the law and the auditor's opinion on the material presented. 
•    The auditor shall furnish one digital draft of the report to agency staff by December 5th. 
•    Ten (10) hard copies and one (1) pdf copy of the final report of audit to the council by December 16th for the June 30, 2026, fiscal accounting period and September 1st thereafter. 
•    Future submittals amounts will remain the same.