Amendment 1 - 07.06.26.pdf

This is an Amendment 1 to a Request for Proposal (RFP) issued by Madison County, Iowa for annual audit services and forensic audit, financial reconstruction, and internal control review services. The amendment, issued on June 24, 2026, permits bidders to submit proposals for Part A (annual audit services for fiscal year ended June 30, 2025), Part B (forensic audit and related services), or both parts, with the option to bid on a multi-year contract not exceeding three fiscal years (FY25, FY26, FY27) to leverage economies of scale. Proposals are due by August 24, 2026 at 5:00 p.m., with questions due by July 17, 2026. Bid opening and firm selection are anticipated between August 25 and September 1, 2026. The forensic engagement must be completed by December 31, 2026, with preliminary assessments within 30 days of award, interim findings by October 15, 2026, draft reports by November 30, 2026, and final reports by December 31, 2026. The contract term is one year with either party able to terminate with 90-day written notice.

Proposals must include three sealed hard copies and one sealed digital copy (USB) submitted to the County Auditor at 112 N. John Wayne Drive, Winterset, Iowa 50273. Bidders must be certified public accounting firms or forensic accounting firms and must submit estimated total hours, out-of-pocket expenses, hourly rates by staff classification, and not-to-exceed amounts for each part. Selected firms must maintain Commercial General Liability Insurance of at least $1,000,000 per occurrence/$2,000,000 aggregate, Comprehensive Automobile Liability Insurance of $1,000,000, and Workers Compensation Insurance as required by law, with Madison County named as additional insured. Working papers must be retained for a minimum of five years and made available to authorized County staff, successor auditors, the Iowa State Auditor's Office, law enforcement, insurers, and legal counsel as authorized by law. The County reserves the right to award either part separately or to a single firm based on evaluation criteria including cost, qualifications, governmental audit experience, staffing, schedule, and ability to address prior audit findings.