MCC Financial Statement Audit
Closed Pre-Solicitation Posted
- Solicitation number
- 72001G26Q00001
- Responses due
- Set-aside
- Total Small Business
Opportunity facts
- NAICS code
- 541211 Offices of Certified Public Accountants
- PSC
- R704 Support- Management: Auditing
- Place of performance
- District of Columbia 20005, United States
- Points of contact
Notice details come from SAM.gov. Updated .
About this opportunity
The U.S. Agency for International Development (USAID) is seeking a contractor to conduct financial statement audits for the Millennium Challenge Corporation (MCC). The audit services must be performed in accordance with multiple federal standards including Generally Accepted Government Auditing Standards (GAGAS), Office of Management and Budget (OMB) Bulletin 24-02, the Government Accountability Office/Council of Inspectors General on Integrity and Efficiency's Financial Audit Manual (GAO/CIGIE FAM), and OMB Circular A-136. The contractor must prepare working papers following Generally Accepted Auditing Standards (GAAS), GAGAS, and relevant GAO standards, including the Green Book and the Framework for Managing Fraud Risks in Federal Programs. The USAID Office of Inspector General (USAID OIG) will provide oversight of the contractor's audit services and will handle the issuance of draft and final audit reports with appropriate management comment periods. The pre-solicitation notice was posted on February 26, 2026, with a deadline of March 20, 2026, and interested parties should contact the listed agency representatives for solicitation documents once released.
This procurement is designated as a Total Small Business set-aside, restricting competition to small business concerns. The audit engagement will commence with fiscal year 2026 and may extend to subsequent fiscal years if contract options are exercised by the government. No specific award value or budget range is disclosed in this pre-solicitation notice. The contractor will not be responsible for preparing the financial statements, which MCC will develop using Generally Accepted Accounting Principles (GAAP) for federal reporting entities as outlined in Statement of Federal Financial Accounting Standards (SFFAS) 34. The contract falls under NAICS code 541211 (Offices of Certified Public Accountants) and PSC code R704 (Support-Management: Auditing), indicating the specialized nature of the services required.
Notice text
2 versions
Update #2 · Latest ·
The Contractor shall conduct the financial statement audits in accordance with GAGAS, as revised, with the Office of Management and Budget (OMB) Bulletin 24-02, as amended, Audit Requirements for Federal Financial Statements, as amended, and with the Government Accountability Office/Council of Inspectors General on Integrity and Efficiency’s Financial Audit Manual (GAO/CIGIE FAM), as amended, and OMB Circular A-136, revised July 14, 2025, as amended. The Contractor shall prepare their working papers in accordance with Generally Accepted Auditing Standards (GAAS), Generally Accepted Government Auditing Standards (GAGAS), GAO/CIGIE’s FAM regarding audit documentation, GAO Standards for Internal Control in the Federal Government (Green Book), May 15, 2025, and GAO A Framework for Managing Fraud Risks in Federal Programs, July 2015, (GAO-15-593SP).
The financial statements will be prepared by MCC. The financial statements will be prepared based upon Generally Accepted Accounting Principles (GAAP) for federal reporting entities using the hierarchy contained in Statement of Federal Financial Accounting Standards (SFFAS) 34, issued by the Federal Accounting Standards Advisory Board.
The USAID Office of Inspector General (USAID OIG) is responsible for its oversight of the Contractor’s audit services. USAID OIG will issue the draft report for MCC’s management comments. The USAID OIG will also issue the draft and final report with OIG’s transmittal (refer to the GAO/CIGIE’s FAM, Volume 2, Section 670, Pages 670-B-2 to B-3).
The first year of this audit will cover FY2026 and following fiscal years if options are exercises.
If interested, please email the contacts listed in this notice for a copy of the solicitaiton documents once released.
Update #1 ·
The Contractor shall conduct the financial statement audits in accordance with GAGAS, as revised, with the Office of Management and Budget (OMB) Bulletin 24-02, as amended, Audit Requirements for Federal Financial Statements, as amended, and with the Government Accountability Office/Council of Inspectors General on Integrity and Efficiency’s Financial Audit Manual (GAO/CIGIE FAM), as amended, and OMB Circular A-136, revised July 14, 2025, as amended. The Contractor shall prepare their working papers in accordance with Generally Accepted Auditing Standards (GAAS), Generally Accepted Government Auditing Standards (GAGAS), GAO/CIGIE’s FAM regarding audit documentation, GAO Standards for Internal Control in the Federal Government (Green Book), May 15, 2025, and GAO A Framework for Managing Fraud Risks in Federal Programs, July 2015, (GAO-15-593SP).
The financial statements will be prepared by MCC. The financial statements will be prepared based upon Generally Accepted Accounting Principles (GAAP) for federal reporting entities using the hierarchy contained in Statement of Federal Financial Accounting Standards (SFFAS) 34, issued by the Federal Accounting Standards Advisory Board.
The USAID Office of Inspector General (USAID OIG) is responsible for its oversight of the Contractor’s audit services. USAID OIG will issue the draft report for MCC’s management comments. The USAID OIG will also issue the draft and final report with OIG’s transmittal (refer to the GAO/CIGIE’s FAM, Volume 2, Section 670, Pages 670-B-2 to B-3).
The first year of this audit will cover FY2026 and following fiscal years if options are exercises.
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