The vendor is required to provide single audit for the state fiscal years (SFY) ending march 31, 2026, 2027, 2028, 2029, and 2030 under a five-year contract.
- The single audit data collection form requires that the state accurately report on the use of unique entity identifier (UEI) numbers.
- Single audit proposal reporting requirements
• Analyze, test and report on compliance by the state with federal laws and regulations in accordance with the financial statements.
• Examine and report on the schedule of expenditures of federal awards consistent with appropriate auditing standards.
• Perform tests and report on the state's compliance with federal laws and regulations pertaining to major and non-major programs and report the results of such tests as appropriate, consistent with the single audit act and the applicable auditing standards.
• Study, evaluate, and report on the internal accounting and administrative controls used by the state in administering major and non-major federal financial assistance programs and report the results of such study and evaluation consistent with appropriate auditing standards.
• Report on prior year findings and follow-up status reports.
- Provide training on subrecipient monitoring, revisions to the compliance supplement, and other topics related to the single audit to personnel of state pass-through entities and major subrecipients.
- Audit reporting package
1. Draft report:
• For SFYs ending march 31, 2026, 2027, 2028, 2029, and 2030, respectively, the firm shall provide a draft audit report for review to the division by October 1 of each year, respectively.
• The division project director will provide the firm with comments in response to the draft report.
2. Progress requirements:
• The firm and the division project director will meet biweekly to review audit progress.
3. Draft and final report deadlines
• The division project director and management staff will complete their review of the draft report as expeditiously as possible.
• During that period, firm representatives should be available for such meetings as the division project
• Director desires to fully comprehend the audit report.
- Contract Period/Term: 5 years
- Questions/Inquires Deadline: May 16, 2025