The initial contract established as a result of this solicitation will be for one (1) year with the option to renew for three (3) additional one-year terms at the same price, terms and conditions as stated on the original proposal. Exercising the option to extend must be by mutual agreement of the parties to the contract and with the approval of the State Auditor (OSA). Only Firms that are on the approved OSA Approved Firm List will be considered. The Agency (CNM) shall evaluate all competitive sealed proposals received pursuant to Paragraphs 2 and 3 of Subsection G of 2.2.2.8 NMAC using an evaluation process. Proposals shall specifically comply with all sections of 2.2.2 NMAC Requirements for Contracting and Conducting Agency Audits (Exhibit C). NOTE: All offerors must have submitted a complete firm profile to the Office of the State Auditor in compliance with 2.2.2 NMAC prior to proposing and it is the offerors responsibility to provide proof of compliance to CNM. Additionally, all offerors are required to provide a copy of firm’s most recent external quality control report in compliance with 2.2.2 NMAC. The peer review should meet the current GAGAS requirements. The Audit Services to be performed shall cover the entire operations of CNM, CNM Foundation and Foundation 990, CNM Ingenuity and Ingenuity 990 plus CNM Holdings and Holdings 990, and shall comprise a financial and compliance audit of the statements and schedules referenced with 2.2.2 NMAC Section 2.2.2.10.A(2). OSA has the right to audit CNM in either full or partially during the term of this agreement. The audits shall be conducted in accordance with the generally accepted auditing standards, government auditing standards, the Federal Single Audit Act, OMB Circular A-133 and in accordance with 2.2.2 NMAC Requirements for Contracting and Conducting Agency Audits (Exhibit C) and other pronouncements as listed in 2.2.2 NMAC, Section 2.2.2.10.D.
