Financial Auditing Services

The City of Charlotte, located in Mecklenburg County, North Carolina, is seeking a qualified public accounting firm to provide comprehensive Financial Auditing Services for the city's accounting records, financial reports, and internal accounting controls. The selected firm will be required to conduct audits in strict accordance with U.S. Generally Accepted Auditing Standards (GAAS) and Government Auditing Standards (GAS). Key deliverables include year-end audits, evaluation of internal control environments, preparation of management letters with findings and recommendations, and presentation of audited financial statements to the governing body within 45 days of audit report submission. The procurement is structured as a Request for Proposal (RFP) numbered 269-2026-162, with proposals due by December 30, 2025. Evaluation criteria will likely include the firm's relevant experience with municipal accounting, technical capabilities, audit methodologies, staffing qualifications, and proposed approach to completing the comprehensive financial audit. The initial contract term is anticipated to be three years, with a potential option to renew for an additional two-year term, subject to City Council Budget Ordinance approval.

The solicitation includes specific set-aside and inclusion requirements for Disadvantaged Business Enterprises (DBE) and Minority, Women, and Small Business Enterprises (MWSBE). Bidders must complete DBE Program Forms and MWSBE Utilization Forms, demonstrating their commitment to involving diverse businesses as subcontractors or suppliers. The city has established compliance mechanisms, including potential liquidated damages for non-compliance with business inclusion goals. Insurance requirements are substantial, including workers' compensation, commercial general liability of at least $1,000,000 per occurrence, and professional liability insurance of $1,000,000 per claim with a $3,000,000 aggregate. While specific award value is not explicitly stated in the documents, bidders are required to submit detailed pricing tables outlining their proposed fee structures. The procurement also includes federal compliance requirements, such as Byrd Anti-Lobbying Certification and Debarment Certification, indicating potential federal funding sources for the auditing services.