The vendor is required to provide fiscal year 2025-2026 the need for professional services in accounting (gs-0510) and auditing (gs-0511):
1. Accounting:
• Designing, developing, operating, or inspecting accounting systems;
• Prescribing accounting standards, policies, and requirements;
• Examining, analyzing, and interpreting accounting data, records, and reports; or
• Advising or assisting management on accounting and financial management matters.
• Accounting theories, concepts, principles, and standards address these types of duties:
• Determining the boundaries of an accounting entity; recognizing and measuring revenues;
• Matching revenues and expenses by applying methodologies such as accrual accounting and depreciation; defining and measuring costs by application of methodologies such as standard, process, job-order, and activity-based costing; and
• Full disclosure on financial statements.
2. Auditing:
• Advising on, supervising, or performing work consisting of a systematic examination and appraisal of financial records, financial and management reports, management controls, policies and practices affecting or reflecting the financial condition and operating results of an activity;
• Analyzing work related to developing and executing audit policies and programs;
• Conducting performance audits; or
• Conducting activities related to the detection of fraud, waste and abuse.
- Contract Period/Term: 5 years