Continuing Internal Audit Services

The vendor is required to provide continuing internal audits may be performed solely by the proposer or to assist office with an audit.
- The city of procurement and contracts division, is soliciting proposals from independent public accounting firms, qualified, experienced and interested in providing multi-disciplinary continuous internal audits and related services, assisting the city’s office of audit services and management support (ASMS) in fulfilling its responsibilities.
- The types of contemplated services include, but are not limited to, performance and compliance audits, information technology audits, and other audits (fraud investigations, forensic investigations, construction audits, etc.).
- The city anticipates two (2) types of activities, planned audits and ad hoc audits.
•    Planned audits are those audits in the approved fiscal year (FY) audit plan for which the office director determines assistance is appropriate to obtain expertise or to supplement the activities of office. 
•    Team members for these activities shall be on a rotating basis, assuming appropriate capabilities, when utilized as an adjunct of office; team members for separately performed audits shall be selected on the basis of quotation from the eligible firms that shall include an estimate of hours and rates. 
•    The fiscal year 2024 - 2025 audit plan
•    The city's fiscal year is October 1st through September 30th.
•    Ad hoc audits are those audits not contemplated in the original plan and may require performance on short notice. 
•    Team members for these activities shall begin with the next firm in the rotation but shall continue to other firms if the rotation firm cannot supply assistance within the required time frame.
- On each engagement
•    Refining audit objective, if necessary. 
•    Planning, fieldwork and reporting consistent with the practices of office and in accordance with appropriate standards. 
•    Preparing work papers and documentation in a format acceptable for office. 
•    Developing flowcharts and narratives of the processes, including risks and controls. 
•    Identifying deficiencies and enhancement opportunities and proposing related recommendations.
- Types of audits
1. Performance and Compliance Audits
•    The effectiveness of a program or activity, including whether it is achieving its goals and objectives; 
•    The economy and efficiency of a program or activity, including whether it is acquiring and using its resources in the most productive and cost-effective manner; 
•    The adequacy and functionality of the internal controls established by a program or activity to safeguard City assets; and 
•    The conformance of the operations of a program or activity to applicable laws, regulations, policies, and industry standards.
2. Information Technology Audits
•    The effective design, development, and testing of management information systems and applications; and 
•    Those existing systems function effectively and provide accurate and reliable information to City employees and management.

- Contract Period/Term: 1 year
- Pre-Proposal Meeting (Non-Mandatory) Date: September 9, 2025
- Questions/Inquires Deadline: September 19, 2025