UNSPSC 84111601: Year end audits

UNSPSC 84111601 Year end audits is a Commodity code representing the financial and compliance audit services that state and local governments procure annually to fulfill statutory and governance audit requirements. State and local purchasing offices solicit this work across all issuing-body types—counties, cities, school districts, state agencies, universities, transit authorities, and special-purpose districts—through RFPs, RFQs, and ITBs, typically on one- to five-year contract cycles. The work includes comprehensive financial statement audits under Generally Accepted Auditing Standards and Government Auditing Standards, Single Audits under federal Uniform Guidance when recipients meet thresholds, compliance testing aligned with applicable state and federal regulations, internal control and IT system reviews, management letters with findings and recommendations, and ancillary services such as PERA census audits, cost allocation studies, and agreed-upon procedures engagements. Recent opportunities show clients ranging from small towns (City of St. Pete Beach at $45,000 base fee) to large counties and state universities managing billion-dollar-plus budgets, reflecting wide variation in engagement scope and complexity. Issuers emphasize independence requirements, state or federal CPA licensure, relevant audit experience with comparable entities, satisfactory external peer review ratings, and proven capacity to meet tight report deadlines—typically final reports due 90 to 180 days after year-end. Professional liability insurance minimums (typically $1 million per occurrence) and cybersecurity protocols are now routine contract conditions.

Recent solicitation activity spans all regions with notable density in Florida, Georgia, Colorado, California, Texas, North Carolina, and Oregon, reflecting both state-level procurement and active county and municipal purchasing. Representative opportunities include Broward County (RFP No. GEN2132533P1, due October 16, 2026) soliciting multi-constitutional-officer audits exceeding $500,000 across a five-year term with 25% CBE participation goal; Boulder County (RFP30426, due September 25, 2026) seeking financial and Single Audit services for fiscal years 2027–2031 with incumbent fees historically in the $120,960–$136,142 range for county financial statements; California State Lottery (RFP #R005840, due October 16, 2026) requesting annual audit services for a three-year term covering $8.9 billion in revenues and complex pension and OPEB liabilities; and Fulton County, Georgia (RFP 26RFP1702546C-MH, due October 27, 2026) calling for annual audits including Single Audits with liquidated damages of 2.5–5 percent per week for delays and strict report-due dates of June 15 annually. The code shows consistent, predictable procurement activity year-round with healthy engagement values and strong visibility into client needs, making it a stable pursuit opportunity for qualified audit firms meeting state/federal licensure and independence standards.