Independent Auditor Services

The vendor is required to provide that independent auditor services to create and preserve high quality affordable multifamily rental housing that serves communities across state.
- Accounting systems of the agencies
• System includes all the components of the prior system, such as the general ledger, expenditure control system, mortgage billing system, investment system, budget system, and the tax and insurance system, as well as other sub-systems.
• The payroll function is currently serviced by automatic data processing, inc., an outside service vendor, but there are internal and state systems that the agencies rely on for benefits.
• The agencies prepare an annual budget for income and expenses and monitor the actual expenses with the prepared budget on a monthly basis.
- Systems include the following components which are proprietary and belong to emphasis computer solutions, inc.: (i) mortgage loan tracking; (ii) mortgage loan portfolio; (iii) foreclosure; (iv) bond debt service; and (v) lender online.
- Audit requirements:
• Audit for the purpose of expressing an opinion on each agency’s basic financial statements in accordance with auditing standards generally accepted in the country based on the audit.
• Audits as required by any of the agencies and issue the required reports thereon in compliance with government audit standards issued by the comptroller general of the country and the office of management and budget circular.
• Auditor internal controls over financial reporting and perform such tests as are necessary to determine each agency’s compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters, and shall issue reports thereon.
• Provide “agreed upon procedures” letters in connection with certain financial and programmatic information included in preliminary and final official statements issued by department in connection with its bond issues.
• Provide procedures letter concerning financial information included in department most recent audited financial statements, financial statements may have been certified by a prior independent auditor.
• Auditor chairman and the respective agency audit committees/boards as necessary.
• Provide staff training relating to new department pronouncements.
- Contract Period/Term: 5 years
- Questions/Inquires Deadline: March 05, 2025