The vendor required to provide external audit tax and compliance services will be as of June 30, 2026 and for the fiscal year then ended and for each of the four (4) following fiscal years.
- Compliance audits:
• Single audit of federally-funded assistance agreements and negotiated contracts, including student financial assistance programs.
- Report of application of agreed upon procedures regarding the nuclear regulatory commission’s requirement for “self-guarantees” and financial assurance, as required annually for the campus.
- (Optional) tax reporting - preparation of internal revenue service (IRS) form 990-t, as required annually, for the following:
• Norman campus
• health campus
- (Optional) tax consulting services for the following:
• Norman campus
• Health campus
- To determine that management assertions regarding economic actions and events embodied in the financial statements are verifiable, properly classified and disclosed.
- To communicate to the university's board of regents the auditor's conclusions, called a management letter, regarding any existing weaknesses in accounting, fiscal procedures, or internal control, and any other matters that may come to their attention, together with any recommendations for corrections or improvements.
- Audit completion date
• The audit completion date of October 15, 2026 is the mandatory completion date for the fiscal year ending June 30, 2026, and will not be extended.
• For each additional fiscal year covered by this proposal, the completion date will be October 15th following the end of the fiscal year under review.
• The term audit completion date is defined as the completion of all audit related requirements as set forth below.
• Firms submitting bids must have a full intention to meet these dates.
- Budget: $1.62 Billion
- Contract Period/Term: 4 years
- Questions/Inquires Deadline: January 7, 2026
