Calhoun Falls Forensic Accounting

The South Carolina Office of the State Auditor (OSA) has issued a Request for Proposal (RFP) for forensic accounting services for the Town of Calhoun Falls in Abbeville County, South Carolina. The selected firm will be expected to investigate the completeness and accuracy of the Town's books and records, financial reporting, adherence to policies and procedures, proper expenditure of restricted revenues, appropriateness of expenditures, and the extent of the Town's vendor arrearages. The successful proposer will be required to provide interim reports and a final report no later than June 1, 2025, and may be requested to present the findings to the Town's governing body and other stakeholders. The RFP outlines the required proposal elements, including the proposer's profile, qualifications, engagement team, planned approach, prior engagements, and litigation history. Proposers must also provide hourly rates by staff classification and an estimated total maximum fee. The due date for proposals is August 30, 2024.

The Office of the State Auditor is responsible for payment of the engagement fees, and progress billings will be based on costs incurred. The State Auditor will oversee the auditing process and provide interim and final reports to the Town, the Abbeville County Delegation, and legislative committees. The RFP does not specify any set-aside designations or restrictions on the types of organizations that can respond, and it does not mention any incumbent vendors or current contractors.