Professional auditing & financial services

This new contract replaces the expired contract 03219 for Professional Auditing Services. Scope Professional Auditing & Financial Services are performed in accordance with Generally Accepted Government Auditing Standards (GAGAS), and the AICPA Professional Standards where applicable. These services include, but are not limited to: Local Government Audits, Opinion Audits, Internal Audits, Fiscal Reviews, Risk Assessment Instruction, Legal Compliance, Internal Control, Financial Statement Preparation and Review, Financial Performance Audits, Assist with Federal Grants and Forensic Audits.

These services also include attestation, consulting, or compliance auditing, which ensures the adherence to external laws, regulations, and industry standards, as well as programmatic auditing, which examines programmatic operations (credit/debit tracking, full cost accounting, long-term management, etc.) and assesses compliance with relevant regulatory requirements. This contract includes contractors who are certified as WA State small, OMWBE, or Veteran-owned.

Some contractors may have multiple certifications. See the links at the bottom of the page for all subcontractors and their certifications. Note: not all subcontractors/resellers/distributors are certified. Categories Category 1: Financial Auditing and Services. This category includes the analyses of an entity's financial statements and accompanying disclosures. Audits may include auditing of routine financial statements as well as auditing of bonds, tolling, cost reports, and internal controls.

Services may also include financial Statement Preparation, auditing of receipts, any supporting documentation for expenditures, advice or assistance with compliance, technical assistance with new regulations. Category 2: Grant Compliance Auditing. This category ensures grantee, and all sub-grantees are complaint the requirements and stipulations of a grant and that funds are spent in accordance with the approved budget provided in a grant application.

This category includes grant programmatic auditing, sub-recipient monitoring, federal circulars, Single Audits, knowledge of 2 CFR 200 - Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Category 3: Health Care Compliance/Auditing. his category involves the analysis of identifying any incorrect or missing documentation that could have negative results for the audited facility e.g. loss in accreditations, physician's licenses or Medicare status and medical payments.

Healthcare auditors also educate medical staff on proper documentation procedures and provide updates regarding new coding, government and insurance guidelines. Category 4: Forensic Auditing. This category is the examination and evaluation of a firm's or individual's financial records to derive evidence that can be used in a court of law or legal proceeding. A forensic audit may be conducted to prosecute a party for fraud, embezzlement, or other financial crimes.

Category 5: Accountability/Compliance Auditing. This category is an evaluation of internal controls designed to ensure public assets are safeguarded and compliant. Areas examined are those representing the highest risk of non-compliance, misappropriation or misuse. At the Purchaser's request, additional areas of varying risk may also be examined. Agreed upon procedures could include debt covenant compliance, data completeness, or third-party vendor internal control reviews.

Category 6: Higher Education Auditing. This category is for the financial, auditing, and technical assistance of services of higher education programs and systems, including but not limited to accreditation compliance, revenue sources, grants, auxiliary operations. Category 7: General and Other Auditing Services. This category is primarily intended to capture auditing services that don't fit into any other category, including allowing Bidders to list other specializations for financial, compliance, or other types of auditing such as: Commodity Commissions Financial Audits: this includes the auditing of commodity commissions (WSDA, grower dollars).

Contractors must be knowledgeable on the individual RCWs for each Washington commodity commission; and Passenger Facility Charge Audits: the auditing of the Passenger Facility Charge (PFC) Program. Services may include auditing a public agency's schedule of Passenger Facility Charge (PFC) revenue in accordance with 14 Code of Federal Regulations (CFR) Part 158, "Passenger Facility Charges" requirements.

Contractors may refer to the "Passenger Facility Charge Audit Guide for Public Agencies" for guidance. Pricing and Services Information Purchasing instructions, pricing, and more information about the services can be found below. Service and Pricing Information