Specifications include, but are not limited to: The Bureau of Finance and Management (BFM) is seeking professional partners to provide long-term governmental accounting and financial reporting capacity for the State of South Dakota (State). These partners will assist the State with the preparation of the Annual Comprehensive Financial Report (ACFR) and the Schedule of Expenditures of Federal Awards (SEFA). 1. Implementation of new GASB pronouncements, implementation guides, and other accounting and financial reporting guidance; 2. Review and analysis (data analytics) of cash basis, modified accrual basis, and accrual basis accounting data and reasonableness determinations; 3. Conversion of cash basis accounting data to modified accrual and accrual basis; including, but not limited to: current assets, capital assets, construction in progress, receivables, federal receivables, deferred outflow of resources, liabilities, payables, long-term liabilities, deferred inflow of resources, expenses and expenditures, revenues, leases, recording local bank activity, debt service entries, etc.; 4. Reconciliation of accounting and financial reporting data including, but not limited to: beginning equity, cash, capital assets, due to and due from other funds, transfers in and transfers out between funds; 5. Preparation of ACFR government wide financial statements, major fund financial statements, notes to the financial statements, required supplementary information (RSI), combining fund financial statements, and SEFA; 6. Consolidation and integration of component units’ financial statements into the State’s ACFR; 7. Preparation of timely responses to the Department of Legislative Audit (DLA); 8. Interpretation of accounting and financial reporting guidance, providing technical assistance, and performing accounting research; 9. Assessment and mitigation of financial statement risk, and; 10. Improvement and streamlining of financial reporting processes.