RFP UW Financial Audit

The University of Washington is requesting proposals from qualified audit firms to conduct independent financial audits and issue audit opinions for four consecutive fiscal years ending June 30, 2030, with optional extensions available in two-year segments through June 30, 2036, under RFP UW 1225341, with proposals due August 21, 2026 at 5:00 p.m. PT via Workday Strategic Sourcing.

The scope encompasses three audit components: the University Financial Report and related entities (Intercollegiate Athletics, Internal Lending Program, Housing and Food Services, Portage Bay Insurance, and General Revenue Bond supplemental information); UW Medicine Select Units—UW Division and Harborview Medical Center; and Metropolitan Tract and related real estate entities. Bidders must complete separate Statements of Qualifications addressing higher education, healthcare, and real estate audit expertise. Professional liability and errors and omissions insurance of $2 million per claim and $3 million aggregate is required. The State Auditor's Office will conduct 1–2 days of working-paper review prior to October 31st annually for both the UW comprehensive audit and Harborview Medical Center's county-level reporting.

The RFP encourages but does not require participation by firms certified as Minority and Women Business Enterprises (MWBE) and U.S. Small Businesses, with voluntary goals of 6% MBE, 4% WBE, and 15% SB/SDB/WOB participation. Proposals must remain valid for a minimum of 180 days following the RFP closing date, and bidders must accept a 60-business-day acceptance period from the proposal due date.

Written questions are due July 24, 2026 at 3:00 p.m. PT; written answers will be provided by July 31, 2026. Proposal evaluation is scheduled August 21–27, 2026, with potential bidder presentations August 31–September 3, 2026. The apparent successful bidder will be announced November 10, 2026, with contract execution expected December 1, 2026. Final audit reports for University Financial Reports and UW Medicine entities must be delivered by October 15 annually; Metropolitan Tract reports are due by September 21 annually. Bidders must make annual presentations to the Board of Regents Finance and Asset Management Committee and Audit Advisory Committee. Any contract awarded is contingent upon continued availability of state or federal agency funding.