What the buyer needs
AI summaryThe Kannapolis City Board of Education seeks proposals from qualified independent auditors with sufficient governmental accounting and auditing experience to perform a financial and compliance examination of the unit's basic financial statements, supplementary information, and compliance reports. Performance of the work will be offsite, and the unit intends to contract for a three-year period subject to annual governing board approval. Only onshore U.S. organizations are eligible to bid. Bidders must submit five copies of each proposal section, providing audit firm qualifications and experience in the first section and completed cost estimate sheets in a separate sealed envelope to Finance Officer Ashley Forrest. The review committee will evaluate firms on educational and technical qualifications, experience, audit approach, and cost. Bidders may submit questions directly to Finance Officer Ashley Forrest by telephone or email.
Scope of work
- Financial and compliance examination of basic financial statements, supplementary information, and compliance reports
- Preparation, typing, and printing of the audited financial statements
- Preparation of required supplementary information and compliance reports
- Proposing year-end adjusting journal entries for management review and approval
- Delivery of one electronic copy and up to five hard copies of each audit report and management letter
- Required audit submissions to the North Carolina Local Government Commission (LGC)
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Demonstrated experience with North Carolina LEAs | Not specified |
| Audit approach and staffing continuity | Not specified |
| Communication and responsiveness | Not specified |
| Demonstrated GASB expertise | Not specified |
| Educational and technical qualifications | Not specified |
| Cost | Not specified |
Minimum qualifications
- Independent auditor with sufficient governmental accounting and auditing experience
- Participation in AICPA-sponsored or comparable quality control programs (peer review)
- Familiarity with recently implemented and upcoming GASB pronouncements applicable to North Carolina school districts
- Minimum of three references from North Carolina public school local education agencies (LEAs) audited within the past five years
Documents to include with your response
- First Section: Technical proposal covering qualifications, experience, staffing, and regulatory disclosures
- Copy of the firm's current peer review
- Statement of Policy and Procedures regarding Independence under Government Auditing Standards
- Three references from North Carolina public school LEAs
- Second Section: Cost proposal in a separate sealed envelope marked Cost Estimate
- Completed cost estimate sheets itemizing personnel, travel, supplies, and other costs
- Summary of Audit Costs Sheet
How to submit
- Method
- Sealed hard copy
- Instructions
- Submit 5 copies of each section of the proposal to Ashley Forrest, Finance Officer, at Kannapolis City Schools, 100 Denver Street, Kannapolis, NC 28083. Envelopes must be marked RESPONSE TO RFP FOR AUDIT SERVICES, with cost information submitted in a separate, sealed envelope marked Cost Estimate.
