The purpose of this Request for Proposals (RFP) is to obtain the services of a qualified, independent Certified Public Accountant to perform an annual audit of the School’s financial statements and federal awards for the fiscal year ending June 30, 2025. The audit shall be conducted in accordance with U.S. Generally Accepted Auditing Standards (GAAS), Government Auditing Standards (GAS), the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR Part 200), and Generally Accepted Accounting Principles (GAAP) applicable to governmental entities. This engagement includes both the financial statement audit and the Single Audit required under 2 CFR Part 200 Subpart F. The audit engagement contract may be extended to more than one audit period beyond the fiscal year ending June 30, 2025, as determined by the School. The School reserves the right to suspend the provisions of the contract for any year in which the School expends less than the qualifying amount of federal awards outlined in the Uniform Guidance. II. Scope of Services The selected audit firm shall perform an annual audit of the School’s financial statements and federal awards in accordance with U.S. Generally Accepted Auditing Standards (GAAS), Government Auditing Standards (GAS), the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR Part 200), and Generally Accepted Accounting Principles (GAAP) applicable to governmental entities. This engagement includes the financial statement audit, the Single Audit required under 2 CFR Part 200 Subpart F, the audit of the Schedule of Expenditures of Federal Awards (SEFA), testing of internal control over financial reporting and compliance, testing of major federal programs, and the issuance of all required reports including the Independent Auditor’s Report, Report on Internal Control Over Financial Reporting and Compliance, Report on Compliance for Each Major Federal Program, and the Schedule of Findings and Questioned Costs.
