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The Piedmont Authority for Regional Transportation (the “Authority”) is requesting proposals from qualified independent auditors (hereinafter called the “Auditors”) having sufficient governmental accounting and auditing experience in performing a financial and compliance examination on its financial statements for the fiscal years ending 2019, 2020 and 2021 in accordance with the specifications outlined in this proposal. The Authority reserves the option of renewing the initial contract on an annual basis for two (2) additional successive fiscal years.
Prospective auditors must be willing to execute the North Carolina Local Government Commission (LGC) standard Contract to Audit Accounts (Form LGC-205), or the proposal will be considered non-responsive.
There is no expressed or implied obligation for the Authority to reimburse firms for any expenses incurred in preparing proposals in response to the request.
The specific details shown herein shall be considered minimum unless otherwise shown. The specifications, terms, and conditions included with this RFP shall govern in any resulting contract(s) unless approved otherwise in writing by the Authority. The bidder consents to personal jurisdiction and venue in a state court of competent jurisdiction in Guilford County, North Carolina.
It is anticipated the selection of auditors will be completed by March 15, 2019. Following notification of the selected auditors, an engagement letter will be executed between both parties within 30 days of approval.
Qualified Auditors: Auditors submitting proposals must be deemed qualified to perform independent audits of units of local government and must be approved by the North Carolina Local Government Commission.
Type of Audit
The audit will encompass a financial and compliance examination of the Authority’s basic financial statements, supplementary information and compliance reports in accordance with the laws and/or regulations of the State of North Carolina, which include requirements for the minimum scope of the audit. The financial and compliance audit will cover federal, state, and local funding sources in accordance with generally accepted auditing standards; Government Auditing Standards, July 2011 revisions; the Single Audit Act of 1984; the Single Audit Act Amendments of 1996; the provisions of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), the State Single Audit Implementation Act; and all other applicable laws and regulations.
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