Professional Auditing Services

The City of Frisco, Texas has issued a Request for Qualifications (RFQ) #2610-006 for Professional Auditing Services, seeking experienced public accounting firms to conduct comprehensive financial audits for the fiscal year ending September 30, 2026, with potential renewal for four subsequent fiscal years. The procurement targets certified public accountants capable of performing audits in accordance with generally accepted auditing standards, Government Auditing Standards, and federal Single Audit Act requirements. Specific deliverables include auditing the City's basic financial statements covering governmental and business-type activities, component units, and major funds, with an expected audit timeframe of 500-700 hours. The RFQ requires firms to provide comprehensive reporting, including fair financial statement reports, compliance and internal control reports, and a management letter. Firms must also demonstrate capability to assist with the Government Finance Officers Association (GFOA) Certificate of Achievement for Financial Reporting and provide technical accounting and auditing guidance. Key dates include a proposal deadline of December 2, 2025, at 2:00 PM CT, with questions accepted until November 20, 2025. The City anticipates selecting a firm by March 1, 2026, with an engagement contract to be executed by March 31, 2026.

The RFQ does not explicitly specify set-aside designations or restrictions for disadvantaged enterprises. The City Charter mandates a mandatory five-year rotation of external audit firms, which may impact potential respondents. While no incumbent vendors are directly mentioned, the procurement suggests a competitive selection process open to qualified public accounting firms. The previous audit firms have completed audits within a 500-700-hour range, which may provide insight into potential contract value expectations. The contract structure allows for a one-year initial agreement with potential renewals for four additional one-year terms, subject to annual review and appropriation. No specific budget range or exact award value is provided in the documentation, but the comprehensive audit requirements and multi-year potential suggest a substantial professional services contract. Interested firms must demonstrate independence, extensive auditing experience, and technical expertise in municipal financial reporting.