Specifications include, but are not limited to: Richland County School District One, hereinafter referred to as the “District” or “RCSD1”, is soliciting proposals from certified public accountants for the purpose of completing a comprehensive financial compliance audit of the District’s total financial program for fiscal years ending 2024, 2025, 2026, 2027 and 2028. The District desires the auditor to express an opinion on the fair presentation of its financial statements that collectively comprise the basic financial statements as required by GASB Statement No. 34 and an in-relation-to opinion on combining and supplementary information. Such financial statements shall be prepared in conformity with accounting principles generally accepted in the United States of America. The auditor is not required to audit the statistical section of the report. 1.0 The District requires a financial and compliance audit. To meet the requirements of this request for bid the audit shall be performed in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, the provisions of the Federal Single Audit Act, Amendments of 1996 and the provisions of U.S. Office of Management and Budget (OMB) Circular A-133, Audits of States Local Governments and Nonprofit Organizations, the reporting requirements established by the Government Finance Officer Association of the United States (GFOA) and the Association of School Business Officials international (ASBO) Certificate program, and the South Carolina State Department of Education’s (SDE) Audit Guidelines. A copy of the SDE’s Guidelines can be obtained from the South Carolina Department of Education, Office of School District Auditing, 1429 Senate Street, Room 404A2 Columbia, South Carolina 29201 and telephone number (803) 734-6022 or from their website at https://ed.sc.gov/finance/auditing/manuals-handbooks-and-guidelines/annual-audit-guideand-lars-template/ 2.0 Financial audit. Offeror shall state whether the examination will be made in accordance with generally accepted audit standards. 3.0 Compliance audit. State that in accordance with generally accepted auditing standards, the offeror shall select the necessary procedures to test compliance and express an opinion regarding compliance with specified laws, regulations and contracts.
