SATPC0038057 Tab 04 4 SOW Rev.pdf

STATEMENT OF WORK

REVIEW OF NASA GLENN EXCHANGE

FINANCIAL STATEMENTS

The NASA Exchange located at Glenn Research Center, is a non-appropriated funded government instrumentality, tasked with the operation of activities that contribute to the efficiency, welfare and morale of NASA personnel. Exchange revenues flow from the operations of a souvenir shop, online store and commissions derived from vendor Concessionaire Agreements. These Revenues are in turn used in the promotion of various welfare and recreation activities. The Exchange annual revenues are approximately $300,000.

The review of the NASA Glenn Exchange financial statements will be conducted by a licensed Certified Public Accounting firm, in accordance with Statements on Standards for Accounting and Review Services (SSARS) promulgated by the Accounting and Review Services Committee of the American Institute of Certified Public Accountants (AICPA).

The Exchange is an instrumentality of the United States government, however, management has elected to present its financial statements using non-profit accounting standards since the Exchange functions as a nonprofit entity. The review will include the Statements of Financial Position of the NASA Glenn Exchange, and the related Statements of Activities and Changes in Net Assets, and Cash Flows and the related notes to the financial statements as of September 30 and for each year an option is exercised, not to exceed 5 years. The NASA Exchange has a fiscal year of October 1st- September 30th.

Period of Performance Base: 10/01/2025- 12/31/2025 for the review of FY25 financial statements Option Year 1: 10/01/2026- 12/31/2026 for the review of FY26 financial statements Option Year 2: 10/01/2027- 12/31/2027 for the review of FY27 financial statements Option Year 3: 10/01/2028- 12/31/2028 for the review of FY28 financial statements Option Year 4: 10/01/2029- 12/31/2029 for the review of FY29 financial statements

Objectives

The objective of a review is to obtain limited assurance that there are no material modifications that should be made to the financial statements in order for the statements to be in conformity with accounting principles generally accepted in the United States of America as well as Government Accounting Standards.

Procedures - General

A review includes primarily applying analytical procedures the financial data and making inquiries of the organization’s management. The engagement will not be relied upon to disclose errors, fraud, or illegal acts. However, the appropriate level of management will be informed of any material errors and of any evidence or information that comes to the Reviewer’s attention during the performance of review procedures that fraud may have occurred. In addition, any evidence or information that comes to the Reviewer’s attention during the performance of review procedures regarding illegal acts that may have occurred, unless they are clearly inconsequential, will be reported and discussed with the Treasurer and any other party chosen by the Treasurer in advance.

Procedures – Other

During the course of the review, in the event the Reviewer observes opportunities for economies of operation, for improved internal administrative and accounting controls, or variances with applicable laws and regulations or other matters they will be brought to the Treasurer’s attention. The Reviewer’s comments and recommendations concerning such matters, if any, will be conveyed in written form.

The review is to be performed remotely, with documentation requests to be provided electronically.

Deliverables

1. Independent Review Report (prepared in accordance with SSARS) and accompanying financial statements and related notes which will be submitted by December 31, 2025.

2. Independent Report of Comments and Recommendations to ensure effective and efficient operations of the NASA Glenn Exchange which will be submitted December 31, 2025.

The contractor is advised that this solicitation is for a firm fixed price purchase order and additionally the contractor is required to provide evidence that the firm has had a Peer Review within the last three years in accordance with American Institute of Certified Public Accountants Standards for Accounting and Review Services.

The contractor is advised that per the Inspector General Act of 1978, as amended, section 4, paragraph (b)(1)(C), directs each Inspector General (IG), with respect to the organization within which the office is established, to take appropriate steps to ensure that any work performed by non-Federal auditors complies with the standards established by the Comptroller General. Therefore, a quality control review may be performed by the NASA IG to ascertain whether this subject audit was performed in accordance with generally accepted government auditing standards (GAGAS) issued by the Comptroller General of the United States. The contractor agrees any costs incurred to support such an audit (if it is performed) will not be separately billed to NASA.