The vendor is required to provide audit and tax services for our organization.
- A “full-scope” audit in accordance with generally accepted auditing standards (GAAS) and with generally accepted government auditing standards (GAGAS) to include federal and state single audits.
- Annual financial statement audit of the profit-sharing plan including preparation of the financial statements.
- The auditor shall also express an opinion as to the fair presentation of the supplementary information in conformity with auditing standards generally accepted.
- The firm shall provide agency with their opinions and management letter including management responses no later than January 31.
- The auditor will present the audit findings and reports to the executive board at their meeting in late January or early February as well as the full board of directors and the annual convention in march.
- The auditor should submit a management letter including management’s response with each audit.
- The letter should offer suggestions for improvement in financial management and internal controls.
- The auditor shall provide the annual audit of the profit-sharing plan for employees of agency in accordance with generally accepted auditing standards (GAAS).
- The first period for this audit will be calendar year 2025.
- The auditor shall provide the annual audit of the 403b plan for employees of agency in accordance with generally accepted auditing standards (GAAS).
- Audit reporting requirements
a. Based on the audit work performed, the auditor must issue reports in accordance with GAAS to include:
• The auditor’s opinion on the fair presentation of the financial statements in conformity with generally accepted accounting principles.
• The auditor’s in-relation-to” opinion on the required supplementary information (RSI) based on requisite limited procedures
• The auditor’s in-relation-to” opinions on all other supplementary information (SI) based on the auditing procedures applied during the audit of the basic financial statements
b. The scope and results of testing of internal control over financial reporting and compliance with laws, regulations, and provisions of contracts or grant agreements in accordance with GAGAS.
- Contract Period/Term: 5 years
- An Optional Pre-Proposal Conference Date: March 25, 2025
- Questions/Inquires Deadline: March 21, 2025