Auditing Services

Chatham County, North Carolina is seeking auditing services for financial statement preparation, with a Request for Proposal (RFP) issued on April 21, 2025, and proposals due by May 13, 2025. The procurement is specifically for a one-time financial audit engagement for the fiscal year ending June 30, 2025, with work expected to commence after financial statements are presented. The selected vendor will be required to conduct an audit in compliance with United States auditing standards and Government Auditing Standards, with all deliverables due by December 31, 2025. Key deliverables include two hard copies of the audit report submitted to the Office of the State Auditor and Office of the State Controller, along with attendance at Board of Trustees or Finance Committee meetings to discuss audit results. Evaluation criteria will emphasize the quality of service, vendor experience with similar community college audits, availability of pertinent skills, and information protection capabilities. Technical proposals must include an executive summary, organizational background, key personnel qualifications, anticipated staff hours, references, the firm's most recent peer review report, and a description of any regulatory actions. The cost proposal should detail billing frequency, personnel costs, travel expenses, subcontractor costs, and other expenses, presented as a maximum not-to-exceed amount.

The RFP does not explicitly mention specific set-aside designations or restrictions for disadvantaged enterprises. The procurement will follow a two-step evaluation process, first reviewing technical proposals and then opening cost proposals for technically acceptable vendors. While no incumbent vendor is identified in the provided documentation, the RFP suggests the audit is for Cleveland Community College. The technical proposal requirements indicate a preference for firms with demonstrated experience in community college financial auditing, with particular emphasis on firms that can provide comprehensive and high-quality audit services. Though a specific budget range is not disclosed, the proposal structure suggests the expectation of a competitive bidding process where cost will be a significant factor in vendor selection. The audit engagement is structured as a one-time contract with a clear scope of work and defined deliverables, indicating a straightforward procurement process focused on obtaining high-quality financial auditing services.