Accounting Services

The Vendor is required to provide for accounting consulting services to be conducted remotely or onsite at the department, workers compensation division. These services include:
• Review of audited financial statements submitted by employers requesting self-insured status.
• Review and make recommendations to improve the current financial review process.
• Specialized and one-time accounting services provided by an accounting manager to recommend/develop a financial review process for public entity financial records submitted by employers requesting self-insured status, if requested by the division.
- Review of audited financial statements will consist of a thorough review of the numerical and verbal information, resulting in a written analysis as to the financial stability of the company.
- The successful bidder will identify and provide a certified public accountant (CPA), to complete the required reviews, which will be approximately twelve (12) to fifteen (15) hours of work per month.
- In order to eliminate training theme, the identified person will be the same throughout the contract period, unless an emergency requires a substitution.
- Key items for the audited financial statement review:
• Balance sheet
• Profit and loss statement
• Statement of cash flow
• Auditors report
• Litigation/contingencies
• Goodwill/intangibles
• Extraordinary/unusual items.
- Contract Period/Term: 5 years
- Questions/Inquires Deadline: May 13, 2025