Auditing Services on the Education Savings Account Program

The Texas government authority located in Austin is seeking qualified, independent private audit entities to provide auditing services on the education savings account program. The agency needs to review the internal controls over program transactions, audit accounts and program participant eligibility data, and examine provider and vendor transactions to ensure compliance with applicable law and program requirements. This initiative aims to solve the problem of ensuring regulatory compliance and detecting fraud, theft, or abuse within the program. The scope of work covers the review and audit of application records for participants, providers, and vendors. The selected auditor must evaluate distributions from participants' accounts and the addition of marketplace products and services to provide assurance on accuracy. The requested deliverables include the methodologies used to conduct the audit and the standards applied, as well as any findings of transactions or activities that deviate from law or program requirements. The agency also requires reporting on any suspected fraud, theft, or abuse. The final audit must include a detailed list of specific steps for rectification, responsible parties, and timelines for completion. Additionally, the agency requests essential data points, performance metrics, and trend analyses that provide insight into the program's compliance trajectory. Eligibility is limited to onshore United States organizations. The agency expects the performance of the work to take place offsite. Bidders must submit any questions regarding this opportunity no later than June 23, 2026. The agency is looking for proposals to determine the budget for this project. The contract period will span two years. Bidders may submit their responses digitally via email or through an online portal.