Financial Audit Services

The government authority located in Albany, New York, is seeking a qualified firm to provide financial audit, tax, and related professional services. The engagement includes auditing the agency’s annual financial statements, including the statement of financial position and related statements of activities, functional expenses, and cash flows, together with accompanying notes.

The selected firm will perform a Single Audit in accordance with the Uniform Guidance and Government Auditing Standards. Required deliverables include the schedule of expenditures of federal awards, reports on internal control and compliance, the schedule of findings and questioned costs, and other required reporting components. The firm will also provide pre-audit presentations and present the post-audit report, Form 990 filings, and management letter to the board’s audit committee.

The firm must communicate control deficiencies, significant deficiencies, material weaknesses, compliance findings, and other recommendations in writing. It will meet with management before issuing findings, distinguish required findings from advisory observations, and provide a final management letter supporting assignment of responsible parties and remediation tracking. Engagement information must be requested, received, stored, and transmitted using secure methods approved by the agency, with access limited to authorized personnel and prompt reporting of suspected unauthorized disclosures or security incidents.