Town of Newmarket

The buyer seeks a qualified independent certified public accounting firm to perform a financial and compliance audit of its general-purpose financial statements. The audit will cover a three-year period from July 1, 2025 through June 30, 2028, with potential extensions. The buyer requires the audit to be conducted in accordance with generally accepted government auditing standards and applicable procedures for governmental units.

• 2/14/2025 - Proposal Due Date
• 3/15/2025 - Firm selection
• 3/30/2025 - Contract execution

• Firm and key professional staff must be licensed to practice in New Hampshire
• Experience with Town audits
• Maintain professional liability insurance of $1,000,000

• Conduct examination in accordance with GAGAS
• Perform financial and compliance review of all Town funds
• Submit financial statements and supplemental schedules report
• Prepare DRA's MS-535 for submission
• Review system of internal control and compliance
• Provide recommendations in management letter
• Perform audit for Single Audit Act Amendments and OMB Circular A-133
• Retain working papers for at least 5 years
• Provide basic governmental fund financial statements
• Attend Town Council meeting to discuss audit report