Resources
Pre Bid Checklist State – APEX
Bid No Bid Assessment
Preparing to Bid Auditing Financial Services Powerpoint
Solicitation Post
Description
Register today for Tips & Tools for preparing to bid the statewide contract for Professional Auditing and Financial Services. This workshop is brought to you by the government contracting advisors at the non-profit APEX Accelerator in collaboration with DES Procurement Inclusion & Equity Program. In the session, participants will dissect the solicitation using take-home tools including a pre-bid checklist and bid/no-bid decision matrix which can be customized for their unique needs. To learn more visit WEBS linked here: WEBS and search for Customer Reference Number 05825.
Awards made under this solicitation will replace this contract 03219
Contract Category. As detailed below in the Contract Award Summary Table found in the solicitation, Enterprise Services intends to award Contracts, by specified Contract Category within each specified Geographic Region, for each of the following eight (8) Contract Categories:
- Contract Category 1 – Financial Auditing and Services. This category includes the analyses of an entity’s financial statements and accompanying disclosures. Audits may include auditing of routine financial statements as well as auditing of bonds, tolling, cost reports, and internal controls. Services may also include financial Statement Preparation, auditing of receipts, any supporting documentation for expenditures, advice or assistance with compliance, technical assistance with new regulations.
- Contract Category 2 – Grant Compliance Auditing. This category ensures grantee, and all sub-grantees are complaint the requirements and stipulations of a grant and that funds are spent in accordance with the approved budget provided in a grant application. This category includes grant programmatic auditing, sub-recipient monitoring, federal circulars, Single Audits, knowledge of 2 CFR 200 – Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
- Contract Category 3 – Health Care Compliance/Auditing. This category involves the analysis of identifying any incorrect or missing documentation that could have negative results for the audited facility e.g. loss in accreditations, physician’s licenses or Medicare status and medical payments. Healthcare auditors also educate medical staff on proper documentation procedures and provide updates regarding new coding, government and insurance guidelines.
- Contract Category 4 – Forensic Auditing. This category is the examination and evaluation of a firm’s or individual’s financial records to derive evidence that can be used in a court of law or legal proceeding. A forensic audit may be conducted to prosecute a party for fraud, embezzlement, or other financial crimes.
- Contract Category 5 – Accountability/Compliance Auditing. This category is an evaluation of internal controls designed to ensure public assets are safeguarded and compliant. Areas examined are those representing the highest risk of non-compliance, misappropriation or misuse. At the Purchaser’s request, additional areas of varying risk may also be examined. Agreed upon procedures could include debt covenant compliance, data completeness, or third-party vendor internal control reviews.
- Contract Category 6 – Higher Education Auditing. This category is for the financial, auditing, and technical assistance of services of higher education programs and systems, including but not limited to accreditation compliance, revenue sources, grants, auxiliary operations.
- Contract Category 7 – General and Other Auditing Services. This category is primarily intended to capture auditing services that don’t fit into any other category, including allowing Bidders to list other specializations for financial, compliance, or other types of auditing such as:
Commodity Commissions Financial Audits. This includes the auditing of commodity commissions (WSDA, grower dollars). Contractors must be knowledgeable on the individual RCWs for each Washington commodity commission.
Passenger Facility Charge Audits. The auditing of the Passenger Facility Charge (PFC) Program. Services may include auditing a public agency’s schedule of Passenger Facility Charge (PFC) revenue in accordance with 14 Code of Federal Regulations (CFR) Part 158, “Passenger Facility Charges” requirements. Contractors may refer to the “Passenger Facility Charge Audit Guide for Public Agencies” for guidance.
