Fraud Risk Assessment & Internal Control Evaluation

The contract requires a thorough fraud risk assessment of the Town’s financial operations, focusing on identifying potential vulnerabilities, evaluating the effectiveness of existing internal controls, and reviewing current fraud prevention policies to determine their adequacy and implementation. The assessment must provide actionable insights into areas where financial systems may be exposed to fraudulent activity, with recommendations for strengthening controls and improving compliance frameworks. The work is structured as a subcontract under the NAICS code 541611, indicating it falls under management consulting services, and is solicited by Connecticut’s DAS Procurement office. The opportunity was posted on May 11, 2026, with responses due by June 1, 2026. While the place of performance and point of contact details are unspecified, all work is expected to be conducted in support of the Town’s financial integrity, and bidders must be prepared to deliver a detailed analysis without reliance on preexisting documentation from file references.