Forensic Auditing Services

The vendor is required to provide forensic auditing services for the fiscal years 2020-2023.
- All financial records from the years 2020-2023, including but not limited to:
•    General ledger detail
•    Bank statements
•    Payroll records
•    Accounts payable
•    Tax records
•    Audited financial statements for all funds with supporting documentation for all schedules
•    Bank reconciliation
•    Accounts receivable
•    Capital schedules included the project length schedule.
•    Balance sheets
•    Fund balance
•    Grants
•    Cash receipts
•    Receipts for all departments
•    Annual budget with supporting documentation for all schedules
•    Transfers
•    Cash records
•    External financial reporting
•    Employee benefits
•    Assets, additions, and deletions
•    Project cost accounting records
- Requirement:
•    Review and analyze financial records for general fund a town wide and fund b town outside village and all related departments, including, but not limited to, general ledger, bank statements, bank reconciliations, payroll records, tax records, accounts payable, accounts receivable, project length schedule, recreation receipts, and capital. 
•    Review and analyze financial records of the town's major governmental funds, including general, sewer, special district, tax, capital, debt service, and non-current governmental liabilities.
•    Review and analyze financial records for the enterprise fund, including the consolidated water district and rum brook pump station.
•    Review and analyze financial records of internal service funds, including intragovernmental and risk retention. 
•    Review and analyze non-major governmental funds, including library, nutrition, highway, and special purpose funds.
•    Identify and investigate potential irregularities:
o    Fraud
o    Waste
o    Abuse
o    Misappropriation of funds
o    Non-compliance with applicable laws, regulations, and town code.
•    Tracing transactions: following the flow of funds to verify their proper authorization, recording, and reconciliation.
•    Preparation of a detailed report: summarizing audit findings.

- Questions/Inquires Deadline: September 16, 2025