REVISED RFP Audit Services 2026.pdf

This is a Revised Request for Proposal (RFP) for audit services issued by the Blue Ridge Community College Foundation in North Carolina. The Foundation seeks comprehensive audit services for fiscal years ending June 30, 2026, 2027, and 2028, with proposals due by 3:00 p.m. on March 2, 2025, submitted to Susan Malloy at the Foundation's offices in Flat Rock, North Carolina. The selected audit firm will conduct full financial audits in compliance with Generally Accepted Accounting Principles (GAAP), Generally Accepted Auditing Standards (GAAS), and Generally Accepted Government Auditing Standards (GAGAS). Deliverables include an Independent Auditor's Report, audited financial statements (Statement of Financial Position, Statement of Activities and Changes in Net Assets, and Statement of Cash Flows), comprehensive notes to financial statements, a management letter with internal control improvement recommendations, and administrative enhancement suggestions. The audit timeline specifies initial meetings by June 1, documentation submission by July 31, preliminary audited figures by September 5, and final audited records and Form 990 completion by mid-October, with electronic Form 990 filing by November 15. The contract will be awarded for one year with options to renew for up to two additional years, and either party may terminate with written notice prior to January 1 of any contract year.

The RFP prioritizes technical qualifications over cost, with evaluation criteria emphasizing the firm's nonprofit auditing experience, assigned staff qualifications, audit procedures, and most recent peer review report. Technical proposals must include client references, key personnel resumes, anticipated staff hours, the firm's audit philosophy, peer review reports, and disclosure of regulatory actions against the firm or key personnel within the past three years. Cost proposals must itemize billing amounts for each fiscal year and include a maximum not-to-exceed amount for the entire contract term, with costs remaining firm throughout the contract period and no increases permitted unless new audit requirements are introduced. The RFP does not specify set-aside designations or restrictions for disadvantaged enterprises, and no incumbent is identified. No specific budget range is explicitly stated in the solicitation.