Specifications include, but are not limited to: 2.2 AGREED UPON PROCEDURES FOR INTERCOLLEGIATE ATHLETICS PROGRAMS: 2.2.1 Provide an independent auditor’s report in accordance with agreed upon procedures applied to the intercollegiate athletic program’s financial report detailing operating revenue, expenses and capital for the year ended August 31, 2022 in accordance with the National Collegiate Athletic Association (NCAA) Constitution which states the following: 3.2.4.17.1 Verification and Certification. The report shall be subject to annual agreed-on verification procedures approved by the membership (in addition to any regular financial reporting policies and procedures of the institution) and conducted by a qualified independent accountant who is not a staff member of the institution and who is selected by the institution's chancellor or president or by an institutional administrator from outside the athletics department designated by the chancellor or president. The independent accountant shall verify the accuracy and completeness of the data prior to submission to the institution's chancellor or president and the NCAA. The institution's chancellor or president shall certify the financial report prior to submission to the NCAA.; 2.2.2 The agreed upon procedures shall be agreed to between the university and the successful Respondent and may include but not be limited to the Minimum NCAA Agreed-Upon Procedures for Revenue, Expenses and Other Reporting Items provided in the 2022 NCAA Agreed Upon Procedures Guide as Revised 03/10/2022 (Exhibit E).; 2.3 AUDIT FOR CHARTER SCHOOL: 2.3.1 Provide an independent auditor’s report on the annual financial and compliance report of the Charter School as of August 31, 2022 in accordance with auditing standards and requirements of the Texas Education Agency.; 2.3.2 Provide compliance assistance throughout the term of the contract upon request at no additional cost to the University.; 2.4 INFORMATION RELATED TO BOTH AUDITS: 2.4.1 The Intercollegiate Athletics Program’s and Charter School’s financial reports are prepared by the SFA Controller’s Office. The SFA Department of Audit Services is available to assist the auditors with scheduling, questions, pulling samples, retrieving data, and other procedures.; 2.4.2 The timing of the audit procedures is crucial. The financial reports will be available from the Controller’s Office around November 30, 2022 for the first year report. The university is closed for the holidays during late December and early January. Twenty-five printed and bound copies of the intercollegiate final report, and thirty printed and bound copies of the charter school final report and an electronic copy of each must be delivered to the Chief Audit Executive no later than 5:00pm January 15, 2023 for the first year report. The Texas Education Agency and NCAA have required reporting dates for each report year that will be documented in the engagement letter.; 2.4.3 Both final reports are distributed to university administrators, the Board of Regents, and to the university’s reporting and oversight agencies. The final reports are public records.
