Specifications include, but are not limited to: performance of an on-site audit of the NCAA agreed-upon procedures reporting requirements of its financial data; A. Section 3.2.4.-15, of the National Collegiate Athletic Association (NCAA) Manual; B. The proposed amendments to the Student Assistance General Provisions and Pell Grant Program of the Higher Education Act (HCA) published in the Federal Register, Volume 59, Number 39, Monday, February 28, 1994, 34 CFR Parts 668 and 690.; C. The objective of the audit is the expression of an opinion on whether the Athletic Department's statement of revenues and expenditures presents fairly the program's financial operations for the year ending August 31, 2022, in conformity with generally accepted accounting principles. The four subsequent audits will cover each additional year for the period ending August 31.; D. The audit shall be performed in accordance with generally accepted auditing standards established by the American institute of the certified public accountants and fulfill the requirements of both the NCAA and the HCA. Although the requirements are similar, the financial statement suggested by the NCAA lists separately football and men's and women's basketball and combines the remaining sports into one category. The HCA format however requires that the remaining sports be split into men's and women's groupings. The HCA regulations also include auditing the total revenues and expenses of the institution.; E. For the purposes of this engagement, the HCA format will be used. As the University's financial statements are audited by the State Auditor's Office in accordance with the Single Audit Act and the Office of Management and Budget circular A 128, an audit of the institution's revenues and expenditures will not be required. In all other respects, the audit engagement will follow the requirements described in the booklet NCAA Agreed Upon Procedures; F. In addition to expressing an option on the fairness of the program's statement of revenues and expenditures, the independent auditor will perform minimum agreed-upon and supplemental audit procedures on the program and on outside organizations that are not under the accounting control of the University (e.g., booster clubs, independent or affiliated foundations, and alumni groups). Minimum agreed-upon procedures and supplemental audit procedures are discussed in various sections of the Procedures Manual.; G. The TAMU Department of Athletics has a complete set of books which are maintained separately by the Department's staff, but the official records are those maintained by TAMU Financial Management Services. Some reconciliation may be necessary. The University's financial statements receive audit coverage by the State Auditors Office during statewide audits of the State of Texas.; H. TAMU Department of Athletics wants the successful vendor to have prior experience in dealing with NCAA Division I level institutions at public universities. The winning bidder must also have successfully completed tickets audits for Division I schools.
