California eProcure #R005840

California State Lottery Commission seeks CPA firms for financial auditing and related services

The California State Lottery Commission is seeking proposals from qualified certified public accountant (CPA) firms to provide comprehensive financial auditing and related services for the Lottery. - Government Buyer: - California State Lottery Commission - Procurement Services and Support Office - Information Security Office (ISO) - Finance Division - OEMs and Vendors: - No specific OEMs or product manufacturers are named; this is a service-based solicitation for CPA firms. - IGT Global Solutions Corporation is referenced as the gaming system OEM in Lottery operations, but not as a vendor for this opportunity. - Products/Services Requested: - Annual financial statement audit services, including year-end audits, quarterly reviews, and internal audits - Agreed-upon procedure engagements for Mega Millions and Powerball reporting - Completion and submission of a Generative AI Impact Assessment Form for any AI solutions used in contract deliverables - Review and preparation of ADA-compliant financial statements - Management letters on internal controls and audit discussions - Unique or Notable Requirements: - Compliance with Government Code §8880.46.5 and AICPA/GASB standards - Lead Partner must have at least 10 years of CPA experience - Mandatory partner rotation policy - Adherence to California State Lottery security and confidentiality standards - Any use of Generative AI must be assessed for security, compliance, and data handling, with outputs owned by the Lottery - Deliverables must be ADA-compliant - Estimated annual budget for audit services is $235,000 - Attachments include detailed instructions, financial statements, and scenario documents for bidders - Lottery Operations Context: - Lottery sales approach $9 billion annually, with major products including Scratchers, Powerball, and Mega Millions - The Lottery operates under a long-term contract with IGT Global Solutions Corporation for gaming system services - Financial statements and annual reports provide context for audit scope and requirements

Description

The California State Lottery Commission is soliciting proposals from qualified certified public accountant (CPA) firms to provide financial auditing and related services. The selected contractor will conduct annual audit-related services pursuant to Government Code §8880.46.5. The contract term is three years with an option to extend for two additional one-year periods under the same terms and conditions. The solicitation includes detailed requirements and multiple attachments for prospective bidders.

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