RFP #2024-25-05 External Audit Services

Eastern Oregon University (EOU) is seeking proposals for RFP #2024-25-05 External Audit Services, soliciting qualified independent certified public accounting firms to conduct comprehensive financial audits. The procurement is for a five-year contract beginning March 1, 2026, with potential annual renewals for up to five additional years. The selected firm will audit EOU's financial statements and its component unit, the Eastern Oregon University Foundation, in compliance with Generally Accepted Auditing Standards (GAAS), Government Auditing Standards (GAS), and applicable federal and state regulations. Proposing firms must be licensed CPA firms authorized to conduct audits in Oregon, with demonstrated experience auditing public universities and expertise in GASB standards. Key personnel requirements include a partner/principal with at least 8 years of public accounting experience, audit managers with 6 years of experience, and on-site supervisors with 4 years of experience. The proposal evaluation will be weighted across several criteria: 25% for experience with higher education institutions, 25% for audit approach and methodology, 25% for cost and overall value, 15% for key personnel qualifications, and 10% for references and reputation. Proposals are due by noon on April 29, 2025, with a selection announcement planned for May 16, 2025.

The RFP does not explicitly mention specific set-aside designations or restrictions for disadvantaged enterprises. The university serves a diverse student population, with 61% from traditionally underserved communities, which may suggest an indirect commitment to inclusive procurement practices. While no incumbent vendor is specified, the document indicates a preference for firms with extensive experience in higher education financial auditing. The RFP provides no specific budget range or award value, leaving cost as a competitive evaluation criterion. The selected firm will be expected to provide comprehensive financial statement review, internal control evaluation, and compliance testing. Technology integration is noted as a potential bonus consideration during the evaluation process, suggesting the university values innovative audit approaches and technological capabilities.