Forensic Audit Services

The vendor is required to provide a forensic audit of agency or companies that may include, but is not limited to, an audit of the items indicated below.
1. Investigation of fraudulent activities
• Conduct a thorough investigation into suspected fraudulent activities, including misappropriation of funds, kickbacks, bribery, or any other financial irregularities.
2. Review of financial records
• Examine financial records, including bank statements, general ledgers, accounts payable and receivable, and other relevant documents, to identify irregularities and discrepancies.
3. Evaluation of internal controls
• Assess the effectiveness of internal controls, including segregation of duties, authorization procedures, and approval processes, to identify weaknesses or vulnerabilities.
4. Assessment of conflict of interests
• Investigate potential cases of conflict of interest and identify any instances where personal interests have compromised the company's interests or resulted in financial loss.
5. Examination of administrative expenses
• Examine administrative expense records to ensure proper classification and allocation of expenses;
• Review supporting documentation for administrative expenses, such as invoices, receipts, and reimbursement requests;
• Assess the adequacy of controls to prevent personal expenses from being commingled with legitimate administrative expenses; and
• Identify any instances of unauthorized or excessive expenses.
6. Evaluation of inter-company transactions
• Verification that inter-company transactions are accurately recorded and properly classified in the company's financial statements; and
• Evaluate the adequacy and reliability of documentation supporting inter-company transactions, such as invoices, contracts, and agreements.
7. Examination of capital expense budget
• Review the company's capital expense budget to ensure reasonableness;
• Examination of supporting documentation for capital expenses, including invoices, contracts, and project proposals; and
• Assessing the effectiveness of controls in monitoring and tracking capital expenditures and verifying the completion of approved projects.
8. Evaluation of maintenance and repairs
• Assess the adequacy of controls over maintenance requests, work orders, and contractor selection; and
• Test a sample of maintenance and repair transactions to verify their proper authorization, documentation, and completion.
- Contract Period/Term: 1 year
- Questions/Inquires Deadline: June 13, 2025