What the buyer needs
AI summaryThe Kannapolis City Board of Education seeks proposals for financial audit services. The audit will cover the fiscal year July 1, 2026, to June 30, 2027, with options for two subsequent years. Auditors must demonstrate experience in governmental accounting and auditing, including familiarity with GASB pronouncements and Yellow Book standards. Proposals are due by October 31, 2027, with interim fieldwork in May and year-end fieldwork by September 15. Questions regarding the RFP should be directed to Ashley Forrest, Finance Officer, via email or phone. The contract requires approval from the North Carolina Local Government Commission staff.
Scope of work
- Financial and compliance examination of basic financial statements, supplementary information, and compliance reports
- Preparation of basic financial statements, required supplementary information, and compliance reports
- Propose year-end adjusting journal entries for management review and approval
- Prepare, type, and print the audited financial statements
- Supply one electronic copy and up to five hard copies of each audit report and management letter
- Submit required reports to the Local Government Commission
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 |
| Cost | Not specified |
Minimum qualifications
- Qualified independent auditors with sufficient governmental accounting and auditing experience
- Familiarity with recently implemented and upcoming GASB pronouncements applicable to North Carolina school districts
- Compliance with all requirements of the North Carolina Local Government Commission (LGC)
- Minimum of three (3) references from North Carolina public school LEAs audited within past five (5) years
- Participation in AICPA-sponsored or comparable quality control programs (peer review)
Documents to include with your response
- First Section: firm experience, personnel qualifications, and three (3) LEA references
- Copy of the firm's current peer review
- Copy of the firm's Statement of Policy and Procedures regarding Independence
- Second Section: completed cost estimate sheets in a separate sealed envelope
- Summary of Audit Costs Sheet
How to submit
- Method
- Sealed hard copy
- Instructions
- Submit five (5) copies of each section in two sections to Ashley Forrest, Finance Officer, at Kannapolis City Schools, 100 Denver Street, Kannapolis, NC 28083. Second Section (cost estimate) must be in a separate, sealed envelope marked Cost Estimate. Mark front of envelope RESPONSE TO RFP FOR AUDIT SERVICES.