Specifications include, but are not limited to: The State of Montana, State Procurement Bureau, on behalf of the Montana State Fund (MSF) and the Legislative Audit Division (LAD), invite all qualified Certified Public Accounting (CPA) firms to submit a proposal for auditing services to include a financial audit and issuance of an opinion of the MSF’s General Accepted Accounting Principles (GAAP) bases financial statements. The Awarded Contractor requires approval by the MSF Board of Directors and Legislative Auditor. The awarded Contractor shall perform two (2) distinct financial statement audits, the Contractor will leverage the work done on the Statutory Basis Audit to the extent possible to then perform governmental GAAP audit. There will be two separate contracts with the awarded Contractor, covering the two separate audits. The statutory basis financial statements to be audited include the Statutory Statements of Admitted Assets, Liabilities, and Policyholders’ Equity of Montana State Fund at December 31, 2023 for the initial year.
