Auditing Services

Lac Courte Oreilles Ojibwe College, located in Hayward, Wisconsin, is seeking proposals for independent auditing services for a three-year period beginning with the 2022 fiscal year ending June 30, 2022. The procurement is specifically for a certified public accounting firm to prepare annual audited financial statements and related filings for this four-year degree-granting, non-profit 501(c)(3) institution. Required deliverables include comprehensive financial documentation such as balance sheets, statements of revenues and expenses, cash flow statements, notes to financial statements, schedules of federal and non-federal award expenditures, and approximately 12 bound copies of final audited statements. The audit must comply with Generally Accepted Auditing Standards, Government Auditing Standards, the Single Audit Act of 1984, and OMB 2 CFR Part 200 Subpart F requirements. Proposals are due by April 20, 2022, and must be submitted as an original and six copies to Lydia DeNasha, Chief Financial Officer. The evaluation criteria will include Wisconsin licensure, independence, technical quality, expertise with educational and tribal organizations, proposed audit approach, staffing adequacy, and cost. Draft audit reports are required by November 1st, with final audits completed by December 1st following the fiscal year end.

The college grants preference to Indian-owned and controlled firms and encourages applications from socially and economically disadvantaged individuals. The institution receives approximately $10 million annually in federal and state awards, primarily from the Bureau of Indian Education and the Department of Education. The Finance Office consists of three staff members operating under the Chief Financial Officer's direction. Selected firms must retain all working papers for a minimum of five years and make them available to the College and successor auditors as requested. Interested proposers may arrange site visits to review prior audit reports by contacting the CFO. While specific budget ranges are not explicitly stated, the comprehensive nature of the audit requirements and the institution's annual award volume suggest a significant contract opportunity. The Audit Committee will evaluate proposals and provide recommendations to the Board of Regents, with final selection anticipated by May 20, 2022, and contract execution expected by May 23, 2022. The contract term is structured for three years, subject to annual review, satisfactory negotiations, and fund availability.