Auditing Services

Richmond Community College (RichmondCC) is seeking auditing and reviewing services for its fiscal year ending June 30, 2026, through a competitive Request for Proposal (RFP) process. The comprehensive public two-year institution requires an audit of its consolidated financial statements, adhering to auditing standards generally accepted in the United States of America and Government Auditing Standards. Key deliverables include providing 25 hard copies and one electronic copy of the audit report, attending Board of Trustees meetings to discuss results, and submitting electronic copies to the Office of the State Auditor and Office of State Controller. The RFP was issued on December 5, 2025, with written questions due by December 17, 2025, at 2:00 PM, and sealed proposals must be received by January 13, 2026, at 4:00 PM. Evaluation criteria will focus on corporate background, project staffing, key personnel qualifications, technical approach, and cost proposal. The preliminary award is expected January 23, 2026, with a final award by February 13, 2026, pending NC Office of the State Auditor approval. The contract will commence on February 13, 2026, and continue until June 30, 2027, with potential for two additional one-year renewals.

Vendors must be registered in North Carolina's eVP system and comply with E-Verify requirements. Insurance requirements include worker's compensation and commercial general liability of $500,000 combined single limit, with automobile liability of $150,000. The previous audit cost $23,100 and required 190 billable hours, with no significant findings or issues. Proposing firms must disclose audit hours and costs in a specific format per North Carolina General Statutes 147-64.6D and retain audit documentation for at least three years, making it available to the Office of the State Auditor for review. The contract will involve hybrid fieldwork between April and September, with an audit opinion required no later than January 15, 2027. While no specific set-aside designations or disadvantaged enterprise requirements are mentioned, the RFP emphasizes comprehensive documentation, compliance, and professional standards for the selected auditing firm. The College reserves the right to renew the contract for up to two additional one-year periods based on the successful performance of the contractor.