RFP for Forensic Accounting and Audit Services

The Town of Williamstown is seeking professional services to perform one or both of the following engagements: Preliminary Review (Assessment Phase) and Forensic Audit (Investigative Phase). The purpose of this engagement is to provide the Town with an independent and objective examination of selected financial accounts, processes, and records in response to credible indications of potential financial irregularities. The successful proposer will conduct the agreed-upon scope of review, work with designated Town representatives, preserve the integrity of all original records, and provide confidential written updates to the Town Manager and/or Selectboard. The proposer will also produce a final written report summarizing findings, supporting evidence, and recommendations for corrective action or referral. • The Preliminary Review will include a review of relevant financial statements, bank reconciliations, and transaction logs, as well as interviews with key staff to understand workflows and control processes. • The Forensic Audit will include detailed transaction testing, bank account analysis, data analytics, email and communication review, and reconstruction of accounting records if necessary. • The proposer will provide a written scope confirmation and work plan prior to initiating fieldwork, as well as a Preliminary Review report and a Forensic Audit report. • The proposer will also present findings to the Selectboard in executive session, followed by a public summary report.