The Vendor is required to provide for external auditing services for fiscal years 2026 through 2030.
- Objectives:
• To determine that management assertions regarding economic actions and events embodied in the financial statements are verifiable, properly classified, and disclosed.
• To determine the extent to which management assertions conform to established criteria, standards, rules, regulations, and statutes of the state.
• To communicate to college the auditor’s conclusions, report or opinion, as to the fairness that its financial statements present financial position, results of operations, and changes in financial position as of June 30 for each of the years covered by this proposal and for the year then ended in conformity with generally accepted accounting principles (GAAP).
- College will assist by providing reconciled trial balances for all funds including some accrual entries as of June 30 and for the year then ended for each of the fiscal years.
- An auditor’s report or opinion as to the fairness with which financial statements present financial position, results of operations, and changes in financial position as of June 30 and for the year then ended in accordance with GAAP.
- The auditor’s report or opinion should indicate that any supplemental information included as a part of the basic financial statements is fairly stated in all material respects to the basic financial statements.
- The significant internal controls or control structure, including the controls established to ensure compliance with laws and regulations that have a material impact on the financial statements and results of the financial related audit; and
- The reportable conditions, including the identification of material weaknesses, identified as a result of the auditor’s work in understanding and assessing the control risk.
- Contract Period/Term: 3 years
