Audit Guides
Regardless of the type or size of your government, there are many advantages to having a quality audit of your government’s financial statements. The timely issuance of audited financial statements enhances credibility of accounting and financial reporting functions, and helps to foster public confidence in the fiscal operations of the municipality. Additionally, findings and recommendations resulting from the audit often highlight weaknesses in internal controls and areas of risk that may require immediate attention from management and those charged with governance. The following links provide access to information regarding procuring audit services as well as understanding and managing the audit process.
Audit Resources - Recommended Practices and Publications
Government Finance Officers Association, Recommended Practice: Audit Procurement (PDF)
Government Finance Officers Association, Recommended Practice: Audit Committees (PDF)
Mid-America Intergovernmental Audit Forum, Selecting an External Auditor (PDF)
American Institute of Certified Public Accountants Audit Toolkit for Government Organizations
(Visit Government Finance Officers Association website for additional audit resource publications.)
Audit Regulations - Federal Regulations
U.S. Office of Management and Budget, Circular A-133
U.S. Government Accountability Office, Government Auditing Standards (The Yellow Book) (PDF)
American Institute of Certified Public Accountants Statement on Auditing Standards 115, (SAS 115) (Communicating Internal Control Related Matters Identified in an Audit, effective for periods ending on or after 12/15/09) (PDF)
Sample Documents (Word format)
Audit RFP, Town of Peterborough
Audit RFP, City of Laconia
Audit RFP, template
Related Articles
Better Understanding the Financial Statement Audit,
New Hampshire Town and City, October 2009
Procuring Quality Audit Services Through the RFP Process,
New Hampshire Town and City, April 2008Public Sector Audit Committees,
New Hampshire Town and City, October 2006