Audit and Related Services

The Vendor is required to provide audits of the financial statements, accounts, records, and procedures of the foundation in accordance with generally accepted auditing standards (GAAS) to ensure that the financial statements and accompanying notes include the disclosures necessary for a fair and accurate presentation.
- The audit must confirm that the financial statements are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and comply with applicable Financial Accounting Standards Board (FASB) statements.
- Review financial records, evaluate internal controls, and provide an independent assessment to ensure transparency, accountability, and compliance with all applicable accounting and reporting standards.
- Certified public accounting firms to audit its financial statements for a five year period, beginning with the fiscal year ending June 30, 2026.
- Maintain progress reports detailing the hours expended by each level of personnel, the status of work in progress, anticipated completion dates for major audit segments, any major impediment to completing the audit on schedule and shall provide such information as requested by Office.
- Maintain audit continuity due to potential staff turnover (include current annual turnover).