Auditor of State RFP 2025 - 2c

The Iowa Auditor of State's Office is seeking proposals from Certified Public Accounting (CPA) firms to conduct City Periodic Examinations for five small cities: Andrew, Bernard, La Motte, Springbrook, and Zwingle, covering the 12-month period ending March 31, 2025. The selected firm will perform comprehensive municipal audits following attestation standards set by the American Institute of Certified Public Accountants and Government Auditing Standards. Proposing firms must submit detailed information including firm profile, staff qualifications, team resumes, proposed work schedules, and fee structures, with proposals due by 4:00 p.m. on June 23, 2025. The evaluation will prioritize two primary criteria: overall cost (including expenses) and qualifications, with specific emphasis on recent experience in similar governmental accounting engagements, team expertise, and understanding of work requirements. Submissions can be made as three hard copies or a scanned PDF directly to Dana Davis, with the contract expected to be awarded by June 30, 2025, and final examination reports required by March 31, 2026.

The RFP does not explicitly mention specific set-aside designations or restrictions for disadvantaged enterprises. Proposing firms must demonstrate independence and compliance with Iowa Code Chapter 542, indicating a focus on professional qualifications and ethical standards. The payment structure will be based on hourly rates for different staff classifications (Partner, Manager, Senior, Staff), with a total reimbursement cap to be negotiated during the contract process. Municipal utilities associated with the five cities may be included in the examination scope, and firms must be prepared to conduct additional follow-up procedures for cities with significant findings. While specific budget ranges are not detailed in the documentation, the comprehensive nature of the audit and the involvement of multiple municipal entities suggests a potentially substantial contract value. Interested CPA firms should carefully review the complete RFP documentation and be prepared to provide a comprehensive, detailed proposal that demonstrates their capabilities in governmental accounting and municipal audit services.