Audit Services

The vendor is required to provide that audit service include, in narrative, outline, and/or graph form the bidder’s approach to performing the audit
- The foundation’s purpose is to raise, manage, and distribute private gift resources for the benefit of agency, its students, and academic programs, and to provide positive public advocacy for the university.
- By raising private support from alumni and friends of the university to help fund student-athlete scholarships; compensation assistance for the coaches and key athletics department personnel; construction of athletics related facilities; purchase of athletic equipment; and other support as may be needed by the university’s athletics program.
- Include for services:
• The annual audits must be conducted in accordance with:
o Auditing standards generally accepted in the united states of and include tests of the accounting records and other procedures considered necessary to express an opinion that the financial statements are fairly presented, in all material respects, in conformity with generally Accepted accounting principles;
o Department accounting standards; and
o statewide accounting policies established by the office of state controller, if applicable.
• The auditors will report each year and at other times as needed directly to the respective audit committees.
• Timing, location, and conduct of audit work:
o Pre-closing, interim, tests and procedures shall be conducted at a mutually agreeable time.
o The audit will be conducted on foundation premises and the foundations will provide space deemed adequate by the auditor to efficiently conduct the audit.
o Remote completion of the audit may be discussed with foundation management after completion of the first year of the audit.
o during the audit, employees of east unit will assist in providing needed information selected for testing and other information requested relevant to the audit.
• The final audit report for each foundation for each fiscal year must be completed by the dates previously stated. printed copies of the audit reports, if requested, and an electronic copy will be provided to each of the foundations.
• The foundations will send electronic copies of the audit reports to the office of the state auditor and the office of state controller.
• The auditor will also issue as a part of the regular audit, a separate management letter, if necessary, and report to the foundation audit committees as required by statements on auditing standards.
- Contract Period/Term: 1 year
- Questions/Inquires Deadline: February 5, 2025