Audit - PCS Independent 3-year Annual Audits
Closed State & local contract opportunity Posted
- Solicitation number
- PCS2023.03
- State
- Pennsylvania
- Responses due
Opportunity facts
- Jurisdictions
Opportunity details come from emarketplace.state.pa.us. Updated .
About this opportunity
The Pennsylvania Commission on Sentencing, a legislative service agency located on the Pennsylvania State University's University Park campus, is seeking a formal bid for a three-year independent financial audit contract. The procurement opportunity involves conducting annual financial audits for fiscal years 2022/2023, 2023/2024, and 2024/2025, in full compliance with generally accepted auditing standards. The audits will cover the Commission's financial operations, which were appropriated $2,553,000 in state funds for the 2022/2023 fiscal year, with potential inclusion of occasional federal or state grants. Proposals must be submitted by Friday, April 28, 2023, to the PA Commission on Sentencing at P.O. Box 1200, State College, PA 16804-1200, with the envelope marked "Attention: Audit". The audit will require a comprehensive review of the agency's financial statements, ensuring transparency and adherence to legislative audit requirements stemming from a 1999 Legislative Budget and Finance Committee recommendation. Potential bidders will need to demonstrate expertise in governmental financial auditing and the ability to perform independent single audits.
While no specific set-aside designations or disadvantaged enterprise requirements are explicitly mentioned in the solicitation, the contract appears open to qualified independent audit firms. The Commission has an existing service purchase contract with Pennsylvania State University for administrative and operational services, which may provide context for the audit's scope. No incumbent vendors are identified in the document. The potential award value is directly tied to the agency's state appropriation of $2,553,000 for the initial fiscal year, though exact audit contract compensation is not specified. The three-year contract structure suggests potential stability and predictable engagement for the selected audit firm. The audit will cover a legislative service agency with a history dating back to 1978, providing an opportunity for a reputable auditing firm to work closely with a state-level governmental organization. Interested parties should carefully review the full solicitation and prepare comprehensive proposals that demonstrate financial auditing expertise in governmental settings.
Opportunity text
Re: Financial Audit Multi-Year RequestTo Whom It May Concern: The Pennsylvania Commission on Sentencing, a legislative service agency, is requesting formal bids for a three-year contract for independent financial annual audits to be conducted beginning for the year ended June 30, 2023, in accordance with generally accepted auditing standards. This contract would cover three separate annual audits (one each year) for fiscal years 2022/2023, 2023/2024, and 2024/2025. For the audit of fiscal year 2022/2023, the Commission was appropriated $2,553,000 in state funds. Audited funds may include occasional federal or state grants. The Commission was established in 1978, P.L. 1315, No. 319, and was designated an agency of the General Assembly in 1986, P.L. 135, No. 41. Since 1981, the Commission has been located on the University Park campus of The Pennsylvania State University and enters into a service purchase contract annually with the University for administrative and operational benefits and services. In October 1999, the Legislative Budget and Finance Committee conducted a performance audit of the Commission. One of the recommendations contained in the final report was "….to request that the scope of the annual financial audit of the Legislature be expended to include the Commission on Sentencing, as appropriate". However, the Legislative Audit Advisory Committee recommended instead, an independent single audit. Please accept this email correspondence as an invitation to bid on the three-year contract to perform three annual independent financial audits of the PA Commission on Sentencing. Please submit proposal and reference by Friday, April 28, 2023, to the following address: PA Commission on Sentencing, P.O. Box 1200, State College, PA 16804-1200. Attention: Audit.Respectfully Submitted, Jadine ReeseAdministrative and Financial Support Managerjer7@psu.edu
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