Accounting and Auditing Services

The Vendor is required to provide anticipates during fiscal year 2026-2027 the need for Professional Services in Accounting and Auditing.
- 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.
- 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.