Auditing Services on the Education Savings Account Program

The Texas government authority in Austin is seeking qualified, independent private audit entities to provide auditing services for its education savings account program. The agency needs to review internal controls over program transactions, audit accounts and participant eligibility data, and examine provider and vendor transactions to ensure compliance with applicable law and program requirements. This initiative aims to detect fraud, theft, or abuse while providing assurance on the accuracy and regulatory compliance of the program. The scope of work covers the review and audit of application records for participants, providers, and vendors, as well as distributions from participant accounts. The agency also requires the auditing of marketplace products and services added to the program. Deliverables must include the methodologies and standards applied, findings of any activities deviating from law, reports of suspected fraud, detailed rectification steps with timelines, and performance metrics showing the compliance trajectory. Bidders must be onshore United States organizations to be eligible for this opportunity. The agency will evaluate proposals based on the bidder's ability to perform the work entirely offsite. The contract period will span two years, and the agency is currently looking for proposals to establish the budget. All questions regarding this procurement must be submitted no later than June 23, 2026. Bidders may submit their final responses digitally via email or through the online portal.