Financial_Statement_Auditing_Services.pdf

REQUEST FOR PROPOSAL

26-049-RFP

FINANCIAL STATEMENT AUDITING SERVICES

ATTENTION: This is not an order. Read all instructions, terms, and conditions carefully.

IMPORTANT: Proposals must be received no later than 2:00 pm Eastern Time (ET) on

Thursday, October 29, 2026.

RFP# 26-049-RFP DATE ISSUED: October 8, 2026

By participating in this solicitation, you, on behalf of the Vendor, understand and agree that all plans, drawings, maps, specifications, documents, or similar information included in this solicitation (“Protected Information”) may only be used by Vendor for the purpose of this solicitation and no other purpose. Without the written permission of KCAB, Vendor must not reproduce, copy, duplicate, or disclose the Protected Information by any means, except to employees and agents who have a “need to know” for the purpose of this solicitation. All employees and agents of Vendor are bound by these provisions, and Vendor shall inform those employees and agents of these terms. If Protected

Information becomes available to third parties Vendor is responsible for third party compliance with these terms. Vendor shall indemnify and hold KCAB harmless from any liabilities or damages resulting from the unauthorized use or disclosure of Protected Information.

All Protected Information in any form remains the sole property of KCAB. At the request of KCAB Vendor agrees to immediately return Protected Information to KCAB. All

Protected Information in any form must be destroyed upon completion of the purpose above. KCAB has all rights and remedies available by law and equity to enforce these provisions, specifically including injunctive relief to prevent unauthorized use of the Protected Information.

Table Of Contents

1. GENERAL INFORMATION & PROPOSAL INSTRUCTIONS

1.1. NOTICE TO BIDDERS

1.2. SCHEDULE OF EVENTS

1.3. BACKGROUND

1.4. SUBMISSION OF PROPOSALS

1.5. RFP QUESTIONS

1.6. ADDENDA

1.7. SCOPE OF SERVICES

1.8. KENTUCKY OPEN RECORDS ACT

1.9. EVALUATION CRITERIA

1.10. ACCEPTANCE PERIOD

1.11. AWARD

1.12. PERFORMANCE AND PAYMENT

1.13. BADGES AND KEYS

1.14. RECORDS/FINANCIALS

1.15. GRATUITIES AND KICKBACKS

1.16. NON-COLLUSIVE VENDOR CERTIFICATION

1.17. RFP CONDITIONS AND PROVISIONS

2. PRICING PROPOSAL

2.1. PRICING PROPOSAL

3. VENDOR QUESTIONNAIRE

3.1. VENDOR QUESTIONNAIRE

3.2. ATTACHMENTS

1. GENERAL INFORMATION & PROPOSAL INSTRUCTIONS

1.1. NOTICE TO BIDDERS

The Kenton County Airport Board (“KCAB”) will receive proposals for Financial Statement Auditing

Services at the Cincinnati/Northern Kentucky Int’l Airport (“CVG”). Proposals must be received by

Thursday, October 29, 2026 at 2:00 pm. No proposals will be accepted after that time unless such date or time is extended pursuant to an addendum issued by KCAB.

KCAB reserves the right to waive any informality or irregularity in any proposal or bid guaranty, to reject any or all proposals, to award or refrain from awarding a contract for the work, and to negotiate with the apparent qualified responsible proposer to such extent as may be beneficial to KCAB.

Preference for Kentucky resident bidders will be applied in accordance with Kentucky law.

KCAB, in accordance with the provisions of Title VI of the Civil Rights Act of 1964 (78 Stat. 252, 42

U.S.C. §§ 2000d to 2000d-4), 28 CFR § 50.3, and 49 CFR Part 21, notifies all bidders that it will affirmatively ensure that any contract entered into pursuant to this advertisement, all contractors will be afforded full opportunity to submit bids in response to this invitation and will not be discriminated against on the grounds of the owner's race, color, national origin, sex, creed, age, or disability in consideration for an award.

KENTON COUNTY AIRPORT BOARD

Lawrence J. Krauter, Chief Executive Officer

CINCINNATI/NORTHERN KENTUCKY INTERNATIONAL AIRPORT

Hebron, Kentucky 41048

1.2. SCHEDULE OF EVENTS

Release Project Date: October 8, 2026

Deadline For Questions To Be

Submitted:

October 15, 2026, 11:59pm

Answers To Questions Issued: October 22, 2026, 11:59pm

Proposals Due: October 29, 2026, 2:00pm

Interviews: Week of November 16, 2026

Auditing Firm Recommendation: Week of December 1, 2026

Contract Negotiation: Complete by December 18, 2026

Anticipated Board Approval: January 25, 2027

Anticipated Contract Implementation: May 3, 2027

KCAB reserves the right to modify or alter the schedule of events to such extent as may be beneficial to KCAB.

1.3. BACKGROUND

The Kenton County Airport Board was created pursuant to a resolution of the Fiscal Court of Kenton

County, Kentucky adopted on June 3, 1943. Under the provisions of Chapter 183 of the Kentucky

Revised Statutes and by the terms of such resolution, the Board has been created and organized as a public body politic and corporate. The Board has complete jurisdiction, control, possession, and supervision of CVG. This includes the power and authority to establish reasonable rates, charges, and fees for the use of its landing areas, ramps, and other common aviation facilities. Through contracts or other permissible means, the Board also negotiates general rates, charges, and fees for commercial vendors, concessionaires or other organizations for the use and occupancy of its terminals and other facilities.

The Board consists of thirteen voting members with the majority of the members required to be residents of Kenton County. Eight of the members are appointed by the Kenton County Judge

Executive with the approval of the Kenton County Fiscal Courts. Two members are appointed by the

Boone County Judge Executive with approval of the Boone County and Kenton County Fiscal Courts.

The Campbell County Judge Executive and Grant County Judge Executive each appoint one member with the approval of the respective counties’ Fiscal Courts as well as the Kenton County Fiscal Court and one member is appointed by the Governor of the Commonwealth of Kentucky.

CVG, which began operations in 1947, is an air transportation and cargo facility for scheduled carriers serving the 15-county Cincinnati Metropolitan Statistical Area (MSA). CVG is located on approximately 7,500 acres in the northeastern corner of Boone County, Kentucky, approximately fourteen miles southwest of downtown Cincinnati, across the Ohio River in Kentucky. CVG serves as the primary airport for scheduled passenger service for the MSA with scheduled passenger service at the Airport provided by eleven airline groups and scheduled cargo service provided by three cargo operators.

1.4. SUBMISSION OF PROPOSALS

Responses to this RFP must be submitted electronically through KCAB’s online bidding system which can be accessed at https://procurement.opengov.com/portal/cvgairport. Select the project titled

Financial Statement Auditing Services (Invitation #26-049-RFP) and follow the instructions for submittal. The completed and signed proposal (together with all required attachments) must be transmitted and received through OpenGov no later than Thursday, October 29, 2026 at 2:00 pm

Eastern Time (ET). Proposers should allow for sufficient time to upload and transmit all required information. Proposer is solely responsible to ensure its submission is transmitted prior to the due date and time. KCAB will not accept submissions after the due date and time and is not responsible for any error in transmission including but not limited to power outage, internet connectivity, unauthorized access, etc.

Individual submittals will not be read in public or available for public inspection until after an award determination has been made.

1.5. RFP QUESTIONS

https://procurement.opengov.com/portal/cvgairport

KCAB is not bound by, and proposers may not request or rely on any oral interpretation or clarification of this RFP. Therefore any questions regarding this RFP are encouraged and should be submitted electronically using the Question and Answer tab of this RFP on KCAB’s online bidding system, which can be accessed at https://procurement.opengov.com/portal/cvgairport.

Questions received on or before the Deadline to Submit Questions in the Schedule of Events will be posted on the Question and Answer tab of this RFP on the bidding system per the Schedule of

Events. Answers to questions from any proposer will be available to all proposers.

All communications regarding this solicitation must only be through the Questions and

Answers section of the RFP or through the Contract and Procurement Administration

Department. No communication is to be directed to any other KCAB personnel unless otherwise instructed by the Contract and Procurement Administration Department. Failure to comply may result in the disqualification of proposer’s submittal.

1.6. ADDENDA

In the event it becomes necessary to revise, change, modify or cancel this RFP or to provide additional information, addenda will be issued to all recipients of this RFP.

1.7. SCOPE OF SERVICES

1.7.1. Scope of Services

KCAB requires a qualified certified public accounting firm (Auditor) to express an opinion on the fair presentation, in conformity with generally accepted accounting principles, of the financial statements that collectively comprise KCAB's Basic Financial Statements. The engagement also includes the

Year One requirement that KCAB transitions from Basic Financial Statements to an Annual

Comprehensive Financial Report (ACFR), including the creation and implementation of the

Introductory Section, the Financial Section, and the Statistical Section.

The audits must be performed in accordance with general auditing standards in addition to the following:

• Kentucky Revised Statute 65A.030

• AICPA Audit and Accounting Guide – Audits of State and Local Governmental Units

• Federal Single Audit Act

• Government Auditing Standards issued by the Comptroller General of the United States

• 2 CFR Part 200, Subpart F, the “Uniform Guidance”

• Passenger Facility Audit Guide for Public Agencies

• Any other applicable rules and regulations

Year One ACFR Transition Requirement

During the first year of the engagement, the Auditor must assist KCAB in completing the transition from its existing Basic Financial Statements to a fully developed ACFR. The Year One engagement must result in KCAB's issuance of a complete, publication-ready ACFR for the fiscal year ending https://procurement.opengov.com/portal/cvgairport

December 31, 2027. The ACFR must include the Introductory Section, Financial Section, and

Statistical Section. The Auditor’s responsibilities include providing templates, technical guidance, implementation support, review, and recommendations necessary to complete each section and supporting KCAB through final issuance of the ACFR.

Annual Financial Statement Audit Plan & Meetings

1. Audit Plan: The Auditor must provide a detailed audit plan, including the firm's assigned resources, for each phase of the financial statement audit, to include testing of IT general controls

(ITGC). The audit plan must include a proposed list of prepared by client (PBC) supporting documents and schedules necessary to complete planned audit procedures and the respective submission dates for the delivery of these PBCs. The audit plan and schedule must be developed after consultation with KCAB’s Finance Department (Finance) and is due no later than November 15 of each year under audit. The Auditor must provide a detailed plan for performing agreed upon procedures, including assigned resources, procedures to be performed, and PBC requests.

2. Conferences and Progress Reporting: At a minimum, the following meetings must be held throughout the course of each year under audit:

a. Entrance conference with Finance to discuss prior or anticipated audit issues, the nature and timing of audit work to be performed, and any administrative matters. Attendance is required at the

Board’s November Audit Committee meeting to present the audit plan and field any feedback from

Board members.

b. Bi-weekly (every two weeks) progress conferences with Finance to discuss the status of fieldwork, including progress and challenges requiring management's attention, as well as potential financial statement adjustments or control observations, including reportable weaknesses, as they are noted.

c. Exit conference with Finance to summarize the results of the fieldwork and to review significant findings.

d. Attendance at the Board’s Audit Committee meeting at the conclusion of field work and communicate all matters required by applicable auditing standards, including, but not limited to the following:

• Auditor's opinion on the financial statements and the ACFR.

• Auditor's responsibility under generally accepted auditing standards.

• Significant accounting policies.

• Significant audit adjustments.

• Other information in documents containing audited financial statements.

• Disagreements with management.

• Difficulties encountered in performing the audit.

• Management judgement and accounting estimates.

Deliverables

Year One ACFR Transition Deliverable

For the fiscal year ending December 31, 2027, the Auditor must support KCAB in completing and issuing its first ACFR. At a minimum, the Auditor must:

• Develop a detailed ACFR implementation plan, responsibility matrix, information-request schedule, and production timetable.

• Provide recommended formats, templates, and content requirements for the Introductory, Financial, and Statistical Sections.

• Identify required historical data, schedules, disclosures, and statistical information, including any data gaps or presentation issues.

• Review draft ACFR sections and provide technical comments and recommended revisions.

• Assist KCAB in resolving accounting, reporting, presentation, and implementation matters arising during the transition.

• Review the assembled ACFR for consistency with applicable accounting and financial reporting requirements.

• Support KCAB through final issuance of a complete, publication-ready ACFR.

Following the completion of the calendar year financial statement audit, the Auditor must issue:

a. A report on the presentation of the financial statements in conformity with accounting principles generally accepted in the United States of America as promulgated by the Governmental Accounting

Standards Board., for inclusion in KCAB's ACFR.

b. A report on internal control over financial reporting and on compliance and other matters based on an audit of financial statements performed in accordance with Government Auditing Standards. In the required report on internal controls, the Auditor shall communicate any reportable condition(s) observed during the audit. Non-reportable conditions noted by the Auditor may be reported in a separate letter to management, which shall be referred to in the report on internal controls.

c. An audit report expressing an opinion on the financial statements of KCAB's PFC program, required supplemental reports, and a report to management.

The Auditor must issue a report on the presentation of the financial statements in conformity with accounting principles generally accepted in the United States of America when the financial statements are presented in other KCAB documents. For example, during the period of the Audit

Services contract, KCAB anticipates it will prepare one or more official statements in connection with the sale of debt securities, which will contain audited financial statements by incorporation or by reference and the associated audit opinion thereon.

KCAB Prepared Statements and Schedules

KCAB staff will prepare the following statements and schedules for the Auditor:

• Statement of Net Position

• Statement of Revenues, Expenses and Changes in Net Position

• Statement of Cash Flows

• Notes to Financial Statements (first draft)

• Combining Schedule of Statement of Net Position

• Combining Schedule of Revenues, Expenses, and Changes in Net Position

Software Systems

Software Supplier Application

Oracle Fusion Oracle, Inc. General Ledger, Accounts

Payable, Fixed Assets, and

Financial Reporting

ABRM Tadera, Inc. Lease Management and

Accounts Receivable

Workday Workday, Inc. Human Resources and Payroll

(commencing 4/1/2027)

UKG UKG Human Resources and Payroll

(ending 3/31/2027)

Attune EAM Octave Attune EAM Procurement, Asset, and

Inventory Management

Working Paper Retention and Access to Working Papers

All working papers and reports must be retained, at the Auditor's expense, for a minimum of three (3) years after the completion of the audit, unless the firm is notified in writing by KCAB of the need to extend the retention period. In addition, the firm must respond to the reasonable inquiries of successor auditors and allow successor auditors to review working papers relating to matters of continuing accounting significance.

1.8. KENTUCKY OPEN RECORDS ACT

Each proposer must specifically identify any portion of its proposal which it deems confidential, or which contains proprietary information, patents, copyrights or trade secrets. Proposer should provide justification of what material should not be disclosed, upon request, by KCAB to a third party. All documents received by KCAB are subject to general inspection under the provisions of Kentucky

Revised Statutes Chapter 61.870 et seq, the “Kentucky Open Records Act”, subject to very narrow exceptions. These statutes may require disclosure of documents a proposer deems confidential. KCAB may otherwise use or disclose the data submitted by each proposer for any purpose, unless such data is so identified as confidential or proprietary by the proposer. The proposer’s opinion of proprietary information is not binding upon KCAB.

1.9. EVALUATION CRITERIA

The selection of the Financial Statement Auditing Services contractor will be based on a judgment evaluation of several key elements in the proposals submitted. In alphabetical order, these include but are not limited to the criteria listed below.

No. Evaluation Criteria Scoring Method Weight (Points)

1. Strength and Reputation of the Firm Points Based 20 (20% of Total)

2. Experience and Qualifications of Key

Personnel Points Based 30

(30% of Total)

3. Proposed Audit Approach Points Based 30 (30% of Total)

4. Engagement Fee Points Based 20 (20% of Total)

1.10. ACCEPTANCE PERIOD

Proposals in response to this RFP must indicate it is valid for a period no less than one hundred twenty

(120) days from the closing date.

1.11. AWARD

1. KCAB intends to award a contract or contracts resulting from this solicitation to the responsible proposer(s) whose proposal represents the best value after evaluation in accordance with the criteria included in this RFP.

2. KCAB reserves the right to waive any informality or irregularity in any proposal or bid guaranty, to reject any or all proposals, to award or refrain from awarding a contract for the work, and to negotiate with the apparent qualified responsible proposer to such extent as may be beneficial to KCAB.

3. KCAB intends to evaluate proposals and may award a contract without discussions with proposers. Therefore, the proposer’s initial proposal should contain the proposer’s best terms from a cost or price and technical standpoint.

4. KCAB reserves the right to make an award on any item for a quantity less than the quantity offered, at the unit cost or prices offered.

5. KCAB reserves the right to make multiple awards if, after considering the proposals submitted, it is in KCAB’s best interest to do so.

6. The successful proposer will be required to enter into a contract substantially in the form of the contract included under the ATTACHMENTS Tab and incorporated by reference. All proposers are required to note any exception(s) to the attached contract and are required to specifically state the exception(s) and the reason(s) for the exception(s). No exceptions will be recognized to the Government Clauses section of the proposed contract. If no exceptions to the contract are included in the proposer’s response, https://procurement.opengov.com/portal/cvgairport/projects/309737/document?section=2956652 the proposer is expected to execute the contract in the form set forth herein. Final acceptance of a proposal and contract is contingent upon reaching a mutually satisfactory agreement regarding noted exceptions. If an acceptable and timely agreement is not reached, KCAB reserves the right to disqualify the proposer and to reevaluate the remaining proposals. KCAB reserves the right to refuse to negotiate with a successful proposer on any item not specifically excepted in its submittal.

7. KCAB will have the right, at its sole election, to alter the specifications and/or frequencies of services required and tailor the contract price to said change (increase or decrease).

8. The term of the agreement will be for three (3) years with an option to renew for two (2) additional one-year terms.

1.12. PERFORMANCE AND PAYMENT

The successful proposer shall issue an invoice on a monthly basis for work performed along with supporting data, including the number of hours worked on the engagement the previous month.

KCAB will pay submitted invoices on a net 30 basis subject to the terms of the attached agreement.

Progress payments will be made on a percentage complete basis. Interim billings must not exceed

70% of the firm fixed amount until the draft report and associated documents have been delivered to

KCAB.

1.13. BADGES AND KEYS

1. Contractor shall badge a sufficient number of employees to satisfactorily complete its obligations under this contract regardless of circumstances. This will require a background check made through a fingerprint process. When determining the number of employees to badge, Contractor must consider absent employees due to illness, vacation, employment termination, or other reasons, emergency/on call situations, and supervisors who need access for inspection/supervision visits.

2. Contractor is responsible for the cost of badging. The current fee for identification badges is

$44.00 per badge for the badge, security threat assessment, and for fingerprinting.

3. Contractor shall return all badges upon expiration or termination of the contract whichever is earlier. Additionally, Contractor shall immediately return an employee’s badge when that employee is no longer employed by Contractor. Contractor shall pay $100.00 per badge for each badge not returned within ninety (90) days from the date the Contractor is required to return the badge(s).

4. Contractor is responsible for all keys or badges issued to Contractor’s employees. Such keys or badges may not be duplicated. Contractor shall return any or all keys or access cards to KCAB when requested by KCAB. If the loss of keys or access cards requires changing the combination of locks or changing other access equipment, the cost of such labor and material may be charged to Contractor at the discretion of KCAB. Replacement of lost or damaged keys or badges will be provided at Contractor’s expense. Any fines or civil penalties assessed to KCAB caused by Contractor negligence is the responsibility of Contractor.

5. Badge replacement is at the sole discretion of KCAB. A $100.00 fee will be assessed per lost badge. In the event a Contractor’s employee loses a second badge, the Contractor shall pay

$200.00. If a third badge is lost, the badge will only be renewed with permission of the Airport

Security Coordinator and the Contractor shall pay $300.00.

6. If necessary, KCAB will provide initial supply of keys after receipt of a $500.00 deposit from

Contractor. In the event Contractor loses or duplicates a key(s), KCAB will charge the cost of rekeying the lock(s) of the corresponding area against the $500.00 deposit. Contractor shall be responsible for the full cost of rekeying if Contractor loses or duplicates a key. Any funds remaining of this $500.00 deposit upon termination of the contract will be returned to contractor upon KCAB’s receipt of all keys.

1.14. RECORDS/FINANCIALS

In submitting proposals on any item to be purchased by KCAB, the proposer hereby agrees to make available any and all records, books of account, correspondence, or other information reasonably necessary to enable KCAB or its designated agents to investigate the responsibility of the proposer in terms of its financial status, capacity to produce, sources of supply, performance record in the business or industry, and any other matter reasonably related to the proposer’s probable ability to perform adequately under a contract if it is awarded to the proposer.

1.15. GRATUITIES AND KICKBACKS

It is a breach of ethical standards for any person to offer, give, or agree to give any employee or former employee, or for any employee or former employee to solicit, demand, accept, or agree to accept from another person, a gratuity or an offer of employment in connection with any decision, approval, disapproval, recommendation, preparation of any part of a program requirement or a purchase request, influencing the content of any specification or procurement standard, rendering of advice, investigation, auditing, or in any other advisory capacity in any proceeding of application, request for ruling, determination, claim or controversy, or other particular matter, pertaining to any program requirement or a contract or subcontract, or to any solicitation or proposal therefore.

It is a breach of ethical standards for any payment, gratuity, or offer of employment to be made by or on behalf of a subcontractor under a contract to the prime vendor or higher tier subcontractor or any person associated therewith, as an inducement for the award of a subcontract or order.

In the event that any gratuities or kickbacks are offered or tendered to any KCAB employee, the proposal shall be disqualified and shall not be reinstated.

1.16. NON-COLLUSIVE VENDOR CERTIFICATION

By the submission of this proposal, the proposer certifies that:

1. The proposal has been arrived at by the proposer independently and has been submitted without collusion with any other vendor.

2. The contents of the proposal have not been communicated by the proposer, or, to its best knowledge and belief, by any of its employees or agents, to any person not an employee or agent of the proposer or its surety on any bond furnished herewith and will not be communicated to any such person prior to the official opening of the proposal.

3. No proposer may submit more than one proposal for this purchase. It shall be the responsibility of each proposer to obtain the prior written permission of KCAB before proposal opening in every situation in which the proposer, due to corporate association or other affiliation, may be found to be impermissibly associated with another vendor. Failure to observe this requirement could result in all such affiliated proposals being rejected.

1.17. RFP CONDITIONS AND PROVISIONS

The terms and conditions of this request for proposal (RFP) include all general and special conditions as enumerated herein.

All participating proposers agree to comply with all of the conditions, requirements and instructions of this RFP as stated or implied herein. Any alteration, erasure or interlineation by the proposer in this proposal constitutes cause for rejection by KCAB. Should KCAB omit anything from this RFP which is necessary to a clear understanding of the work, or should it appear that various instructions are in conflict, then the proposer shall notify the Contract and Procurement Administration Department prior to the deadline for question submissions as per the time and date shown in the Schedule of Events.

Typographical errors in entering quotations on this proposal may result in the disqualification of this proposal.

All proposers are required to complete all information requested in this proposal. Failure to do so may result in the disqualification of proposal.

Unit price for each item must be shown for the unit of measurement indicated. In case of error in extension of prices, the unit price governs.

Each proposer shall fully acquaint and familiarize themselves with the conditions as they exist and the character of the operations to be carried on under the proposed contract and make such investigations as the proposer may see fit so that the proposer shall fully understand the facilities, physical conditions and restrictions associated with the services.

The successful proposer shall comply with all of the specifications, terms and conditions of this RFP.

KCAB is not liable for any costs incurred by proposer in the preparation of proposals or for any work performed in connection therein.

2. PRICING PROPOSAL

2.1. PRICING PROPOSAL

Provide a fixed fee for the recurring annual audit services, inclusive of option periods.

Provide a fixed fee for the ACFR transition and implementation services in Year 1.

Line Item Description Quantity Unit of

Measure Unit Cost Total

1 Auditing fee Year 1 1 ea

2 Fixed fee ACFR transition and implementation, Year 1 1 ea

3 Auditing fee Year 2 1 ea

4 Auditing fee Year 3 1 ea

5 Auditing fee Year 4, if exercised 1 ea

6 Auditing fee Year 5, if exercised 1 ea

TOTAL

3. VENDOR QUESTIONNAIRE

3.1. VENDOR QUESTIONNAIRE

Proposal response must not exceed 25 pages in total.

1. Cover Letter*

Include a cover letter which serves to introduce the proposer (or team) and highlights the overall approach philosophy. This should include the name, address, email address, and telephone number of the primary company representative(s) to be contacted regarding your response. The letter should be signed by a person who is authorized to negotiate terms, render binding decisions, and commit the firm’s resources.

*Response required

2. Firm Qualifications*

For the firm's office that will be assigned responsibility for conducting the audits, provide the depth of resources available to support KCAB.

List the firm's three most significant engagements performed in the past three (3) years that are similar to the engagement described in this RFP. At least one of the engagements must include the audit partner or manager proposed for KCAB's engagement as having substantial responsibility for leading the audit of airports, transportation authorities, or governmental entities similar in size and complexity to KCAB.

Include a discussion of the firm's ongoing contact with government agencies, such as the US

Department of Transportation, and methods employed to keep abreast of governmental accounting matters, as well as discussion of other experience relevant to the Statement of Work.

*Response required

3. Quality Assurance Review*

Provide a copy of the firm's most recent quality assurance review, including the opinion received.

*Response required

4. Key Personnel Experience and Qualifications *

Propose an audit team including engagement partners, managers, supervisors, seniors, and other staff to complete the engagement. Include any specialists required to execute the audit.

For each proposed team member, provide details on the relevant auditing experience of that individual, including information on continuing professional education over the past two (2) years, professional certifications, and membership in professional organizations.

Experience auditing medium hub airports, state and local governments, transportation agencies and authorities, and other public entities should be specifically stated for each proposed resource.

Discuss how the quality of staff over the term of the agreement will be assured and discuss the proposed resources' ability to offer best practices in auditing KCAB's financial statements.

*Response required

5. Proposed Audit Approach*

Specify the audit approach that will achieve the requirements of this RFP. Describe a work plan including an explanation of the audit methodology to be followed.

The audit approach must specifically state:

• Detailed Year One work plan for completing KCAB's transition from Basic Financial Statements to a complete, publication-ready ACFR for the fiscal year ending December 31, 2027.

• Approach to be taken to gain and document an understanding of KCAB's control structure.

• Approach to be taken in determining laws and regulations that will be subject to audit test work.

• Approach to be taken in drawing audit samples for purposes of testing.

• Approach and other audit techniques to be used in verification of KCAB's supplies inventory balances.

• Extent to which statistical sampling will be used in the engagement.

• Extent of use of audit software in the engagement.

• Type and extent of analytical procedures to be used in the engagement.

• Type and extent of other audit techniques to be used in the engagement.

Identify and describe the firm's approach for coordinating work with other external auditors and communicating issues and project status with KCAB staff, management, and members of the Board's

Audit Committee, including any anticipated potential audit problems, the firm's approach to resolving these problems, and any special assistance that will be requested from KCAB.

6. References*

Provide a client reference for each of the three engagements discussed in Firm Qualifications, including the name of the organization, the scope of work performed, date, name and title of engagement partners and managers, and provide the telephone number and email address of the principal client contact.

*Response required

7. Engagement Fee*

Provide any assumptions, exclusions, hourly allowances, or additional services associated with the

ACFR transition and implementation services in Year 1 that are NOT included in the Pricing Proposal in Section 2.1

*Response required

8. Exceptions*

State in writing all exceptions to this RFP or sample contract attached. Exceptions should list referencing page and paragraph numbers. If no exceptions are taken, the proposal must include a statement that the bidder takes “No Exceptions”.

*Response required

9. Provide a copy of your Certificate of Insurance*

*Response required

10. Resident & Non Resident Status Forms*

Please download the below documents, complete, and upload.

• Resident_&_Non_Resident_Sta...

*Response required

11. Confirmation*

By submitting a proposal, the proposer consents to its use and acceptance of electronic signatures to execute any awarded contract and associated agreements. Proposer agrees to be bound by electronic signatures to the same legal effect and extent as if manually signed. KCAB expects the successful proposer will execute any awarded contract using KCAB’s electronic signature service unless the proposer includes an exception with its proposal signifying its desire to sign manually. Included with the proposal, proposers must identify the following information regarding the person with full authority to legally bind proposer and sign agreements on its behalf:

A. Full Name;

B. Position Title; and

C. Email Address.

Please provide this information in the next questions.

☐ Please confirm https://government-project.s3.us-west-2.amazonaws.com/134681/b1d14070-0fed-42ee-ab6f-9e9b9302c53f_Resident_%26_Non_Resident_Status_Forms.pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Content-Sha256=UNSIGNED-PAYLOAD&X-Amz-Credential=ASIA47RIURE4H73GR2BT%2F20261008%2Fus-west-2%2Fs3%2Faws4_request&X-Amz-Date=20261008T120002Z&X-Amz-Expires=72000&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEFwaCXVzLXdlc3QtMiJIMEYCIQCIeTalg8%2F6R%2Bqq3yKhyxGKrJEeOVW6zIQ6kfaoOdlLrQIhANYd8634SlKMGRVtpmwBkNhd21wQw%2FpSPUanY%2F%2BzrrMOKowFCCUQAhoMODkyMzY0Njg3NjcyIgw38fvvhxyqjNblRJIq6QTtR3XESEhCZLY%2FDXziYPaclAhSVcHJeFJ8%2BmM3Bv3Tx2vYRw6lT%2BGNIMkIWAWiPE5P%2Bu%2Fkuh0QacLcTsQ70jrjE6jeOGVyrrKxqcNs5usa7uPbkoQvumIDfQO8yHBdWZonRRrLWveDoMj9pFLmDTy7VrX0%2F%2BIKkI1n2r4BsDQUIB%2BAIlImK7UdoDzO7BWdhh7BJUBa6W0QPnqGJsrzesFbnUbbj%2FoqWlulsNN2mz2u4axL5p2GsMVIC1XB3mN8JKZjtz8lya4lYDvvWr1CRlE8Vr7EMIVEEaiCgp9s3s11oa6tbr9aq29Xbz9Eboy3ETooqJ6ikPXP2NZhcp3GqZnV81wcmdKTNBsauuvWTl2idNHwyvAnQdYWJwsGmkUNtxJ5u%2Fi2Z2ZOmR%2BKtHhjOGRlBTJ5udTLeB1vehhGibpdlPbfM%2B7OKlTcWUgy%2Bgln39o%2BrFMhGO7P3QKYUYQ4y8r1SIIo6nLWlt9DmuvmoRffaiFDkSWN%2FM0ystlfheHqVg%2BBFIdGoYdEZZrq9DTMud%2BCnKBnKxp0ZHwrdCadj2ql1tWYH0Y3tO4E3oOOgKfXV3w0aVCUU6%2BvcMHRX7GwxVxL6VYte7bf02lvgzuretmMiwiu9DafyMHgRpD93mAj0dd5rvHizuyXcRAn99KMjiZKUNCj%2F1rV1T%2F2q9muuL6oSxXiO9dMvECQ3GN6C0puVMyw4tRwt1CDzc9jf1A9bKRkR2g5RbbYBvdXxY9CraCJejuQfERCW0%2FunnHXbv2C%2BTS7EcUm142CyFjSZCxSPO4EaWDgq9D71WA5k3rII4z%2B2ccW9NT8HNlpQjCcgp7WBjqYAf8I%2BS%2F44%2BjwujE4g4F7%2B7Z7FC9L87IzTsiPfVEuI0NrtlG0H%2F1CAASbmXL2BSlNfUtQAtoTVcStqSaEROg%2FxKgkTYXD0XhzflFMjfYbzKF4OX2ZHtY0CvFwbjwuF8Q9QGI9IFZeHBL8%2BBLjT6dUwk0bRxmseKL5RZWpTos4K1a%2BBBNEUg6hs3tUzLNMssvnUN69EaoYHMjU&X-Amz-Signature=95efe945d2709a8accba2c93a56ab6ca45f6ae096cac9f84f6f88139baf46245&X-Amz-SignedHeaders=host&response-content-disposition=attachment%3B%20filename%3D%22Resident_%2526_Non_Resident_Status_Forms.pdf%22&x-id=GetObject

12. Provide the following:*

Proposers must identify the following information regarding the person with full authority to legally bind proposer and sign agreements on its behalf:

A. Full Name;

B. Position Title; and

C. Email Address.