REQUEST FOR PROPOSALS PROFESSIONAL AUDITING SERVICES

posted Aug 17, 2018, 5:56 AM by Greg Lippincott

FOR YEARS ENDING DECEMBER 31, 2018, 2019 AND 2020

 Proposals for the Township’s annual financial audit will be accepted via mail or hand-delivery at the West Rockhill Township Building, 1028 Ridge Road Sellersville, PA  18960 until 4:00 PM Friday, September 28, 2018.    

 

The Township reserves the right to reject any or all proposals or any part of such proposals.

                                                                        _____________________________

                                                                                    Gregory J. Lippincott

                                                                                    Township Manager

 

 


 

REQUEST FOR PROPOSAL

PROFESSIONAL AUDITING SERVICES

FOR YEARS ENDING DECEMBER 31, 2018, 2019 AND 2020

 

West Rockhill Township (hereinafter called the "Township") is a township of the second class comprising of approximately 5,200 residents, located in Bucks County, Pennsylvania, hereby invites independent certified public accountants to submit proposals for the performance of an audit of its financial accounts and records for a period of one, two, or three years beginning with years ending December 31, 2018 through December 31, 2020, for the purpose of rendering an auditor’s opinion regarding the fairness of applicable legal provisions in accordance with generally accepted auditing standards (GAAS).  The most recent available audit of the Township was performed for the fiscal period January 1, 2017 to December 31, 2017. 

 

DESCRIPTION OF ACCOUNTING SYSTEM

 

The Township maintains all records on the cash basis of accounting. The accounting records of the Township are maintained in QuickBooks

 

 

SCOPE OF AUDIT

 

1.  Funds to be Audited:

 

General Fund

State Liquid Fuels Fund

Escrow Fund

Open Space Fund

Park and Recreation Fund

Highway Capital Fund

Street Light Fund

Equipment Fund

Sewage Maintenance Fund

Stormwater Fund

 

2.  Component Units to be Audited:  N/A

 

 

3.        Audit Standard:  The audit shall be performed in accordance with generally accepted auditing standards (GAAS).  If applicable, single audit work will be performed in accordance with generally accepted audit standards and must meet all federal audit requirements.

 

4.        Reporting:  The auditor will submit an opinion on the fair presentation of all Township Financial Statements.  The auditor will prepare and submit Pennsylvania DCED Annual Audit and Financial Report in accordance with applicable deadlines.  A draft will be reviewed by the Township Manger prior to issuance.

 

5.         Management Letter:  The Township expects the auditor to make necessary recommendations for the improvement of internal controls or other management issues to maximize the Township’s ability to record and process and report financial data consistent with the assertions of management in the financial statements.  A draft management letter shall be reviewed by the Township Manager prior to issuance of the letter.

 

 

SINGLE AUDIT

 

Currently, the Township does not expect to meet the threshold for the Single Audit.  Any future determination as to whether or not to perform a Single Audit will be made in consultation with the audit firm.  If a Single Audit is needed, fees for this service will be negotiated at that time.

 

 

PROPOSAL REQUIREMENTS

 

1.   Qualifications:  The Township requires a description of qualifications of the firm and its           ability perform the scope of the audit.  This description shall include a resume of the firm’s governmental experience and reference list of applicable clients. 

 

2.    Personnel Qualifications:  The auditor will provide detailed resumes of partners, managers and supervisory personnel who will be assigned to the audit. 

 

3.     Technical Approach:  A description of audit procedures and methodology along with a            tentative schedule for performing key phases of the audit. 

 

4.     Fees:  Provide the maximum fees to be charged for the audit described for each of the three         years referenced.  The price quoted shall include all fees, expenses, and costs and shall remain firm.  Should the auditor encounter circumstances requiring an increase in the scope of the audit, or in the extent of detailed investigation, written notice to that effect will be given to the Township Manager and this contract will be modified by mutual agreement as to additional work and compensation.

 

 

WORK PAPER RETENTION

 

The Township requires that the firm selected agrees to maintain audit work papers for a period of three (3) years after the audit is completed.  Work papers must be made available to the Township upon request within five (5) working days of such a request.

 

EVALUATION OF PROPOSALS

 

Proposals will be evaluated for professional qualifications including, but not limited to, the understanding of the work to be performed, responsiveness to the RFP, technical experience and staff qualifications.  Cost will be evaluated after professional qualifications have been examined.

 

 

CONTACT INFORMATION

 

Gregory J. Lippincott

Township Manager

glippincott@westrockhilltownship.org

(215) 257-9063

Ċ
Greg Lippincott,
Aug 17, 2018, 5:56 AM
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