Annual Audit Services

The vendor is required to provide the annual audit of state public broadcasting consolidated financial statements and single audit of federal awards, if applicable.
- Perform the annual audit for agency consolidated financial statements beginning with June 30, 2025.
- Perform single audit in accordance with uniform guidance requirements for agency in years ending June 30, 2026 and subsequent years, if applicable.
- Audit report review & processing:
• The auditor general will review a draft of the audit report, and may request to review the related working papers, prior to acceptance of the completed report as required by SDCL 4-11-7.
• The audit firm is required to print reports and distribute them as promulgated in the auditor general's guidelines.
• The auditor's comments (management letter), if any, are required to be included as a part of the final report.
• The auditee's response to the audit report must be included in the report should the auditee desire to respond.
• If there are reported instances of noncompliance or questioned costs related to federal financial assistance programs, the auditee's response and corrective action plan must be included in the audit report.
• The IPA shall retain working papers for a minimum of five years from fieldwork date unless notified in writing by the cognizant federal agency or the auditor general to extend the minimum retention period.
- The IPA shall make his working papers available to the auditor general, federal inspectors general or their representatives, and subsequent IPA auditors.
- The audit must be performed in accordance with the guidelines of the auditor general and generally accepted government auditing standards for financial and compliance audits as set forth in the applicable revision to government auditing standards, issued by the comptroller general of the states.
- Contract Period/Term: 1 year
- Questions/Inquires Deadline: May 9, 2025