Internal Controls Audit Services

The Vendor is required to provide internal controls audit engagement is entirely separate from the school’s annual financial audit.
- The complex nature of internal controls auditing requires assessment of professional credentials, charter school experience, and audit methodology that cannot be adequately evaluated through price-based bidding alone.
- Initial Engagement
•    Develop a comprehensive risk assessment and identify any areas of weakness
•    Review and assess the existing policies and procedures manual
•    Review policies, procedures, and operations of the business office, human resources department, and the school director's responsibilities
•    Assess business office operations, including grant compliance, segregation of duties, and cross-training programs
•    Evaluate alignment with the school’s dese-approved charter and current accountability plan
•    Assess the appropriateness of current procedures for self-managed charter school operations
•    Identify areas of weakness in current internal control systems
•    Identify operational gray areas and ambiguities requiring clarification
•    Evaluate compliance with established policies and procedures
•    Assess the adequacy of board governance and oversight mechanisms
•    Review authorization and approval processes across all operational areas
•    Evaluate segregation of duties and access controls
•    Assess risk management frameworks and practices using established frameworks such as office (including the five components: control environment, risk assessment, control activities, information and communication, monitoring)
•    Propose a detailed testing scope to the board following preparation of the risk assessment, including evaluation of accuracy, completeness, compliance, and proposed efficiencies
•    Evaluate the adequacy and compliance of current administrative operations as part of the internal controls assessment, including recommendations for policy improvements and regulatory compliance
•    Review this proposal process as part of the operational policy assessment to identify potential improvements for future operations

- Contract Period/Term: 1 year
- Questions/Inquires Deadline: October 01, 2025