Iowa City Community School District Bidopportunities #Madison062426RFP

Madison County Solicits Annual and Forensic Audit Services

Madison County, Iowa is seeking proposals for two key professional services: - Government Buyer: - Madison County Board of Supervisors and County Auditor's Office - Services Requested: - Annual Audit Services for the fiscal year ending June 30, 2025 - Includes audit report, management letter, required communications, and board presentation - Forensic Audit, Financial Reconstruction, and Internal Control Review Services - Covers evaluation, reconstruction, and reconciliation of financial records for FY2023-FY2025 - Includes review of prior audit findings, bank account reconciliations, internal control evaluation, and recommendations for corrective actions - Deliverables: work plan, monthly status reports, interim findings, draft and final forensic reports, board presentation, and corrective action roadmap - Eligible Vendors: - Certified public accounting firms - Forensic accounting firms - Notable Requirements: - Firms may bid on either or both services; awards may be made separately or together - Forensic engagement must be completed by December 31, 2026 - Compliance with Iowa Code Chapter 11, AICPA standards, U.S. Government Auditing Standards, and OMB Circular A-133 - Strict communication protocols, multiple hard and digital copies of reports, retention of working papers for at least five years, and assistance with GASB standards compliance - OEMs and Vendors: - No specific OEMs or product manufacturers are named, as this is a professional services procurement

Description

Madison County, Iowa is requesting proposals from qualified certified public accounting firms and forensic accounting firms to provide two parts of services: Part A - Annual Audit Services for the fiscal year ended June 30, 2025, and Part B - Forensic Audit, Financial Reconstruction, and Internal Control Review Services related to financial records, reconciliations, fund balances, internal controls, and findings identified in prior County audits, including matters that may affect the FY2025 audit. Firms may submit proposals for Part A only, Part B only, or both parts. Madison County reserves the right to award either part separately or both parts to a single firm.

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