Wellfleet Faces Challenges in Securing Audit Services Amid Corporate Consolidation
The town of Wellfleet is entering its third fiscal year without an independent auditor to perform its required annual audit of municipal finances. This situation arises after the town's previous auditor, Powers & Sullivan, merged with Marcum LLP, which was subsequently acquired by CBIZ. Despite efforts by town officials, including Town Administrator Tom Guerino, to secure a new auditing firm, Wellfleet has been unable to find a replacement. The lack of an audit could impact the town's ability to certify its free cash and manage federal grant money. CBIZ, which had been contracted for the fiscal 2024 audit, completed only part of the work and later dropped Wellfleet as a client. Attempts to engage other firms have been unsuccessful, with no responses to bid invitations and no proposals submitted.