External Audit Services

The vendor is required to provide external audit services for the university, which includes:
1. Annual financial statement audit
•    The university’s fiscal year end is march 31st.
•    The proponent shall perform an examination of the records and financial statements of the university, in accordance with generally accepted auditing standards, to the degree necessary to express an opinion on the respective financial statements on the basis of accounting standards for not-for-profit organizations. 
•    University has a fiscal year ending march 31st.
2. Annual public sector compensation disclosure audit
•    As per the public sector disclosure act, university must also have its annual university compensation report audited by an independent auditor. 
•    The compensation report shall include an opinion from the auditor on the basis of the public sector compensation disclosure act bill no. 115.
- Audit planning prior to march 31, the university’s auditor to meet with the CFO and controller to discuss and agree upon:
•    Scheduling for the current year audits 
•    detailed list of necessary schedules, working papers, analysis and other information to be prepared by the university 
•    Anticipated staff hours required for the current year, broken down by significant audit tasks 
•    Any additional audit or specified procedures that may be required as directed by the audit and risk oversight committee or other authoritative body.

- Contract Period/Term: 5 years
- Questions/Inquires Deadline: November 5, 2025