Forensic Audit and Internal Controls Assessment

Background

The City of McDonough, Georgia is seeking proposals from qualified firms to provide professional forensic audit and internal controls assessment services. This initiative is part of the city's requirement to be audited regularly according to specified audit standards, ensuring accountability for city-issued equipment and assets.

Work Details

The Consultant will perform professional audit services as outlined in the RFP, including but not limited to: conducting a forensic audit, assessing internal controls related to city-issued equipment and asset accountability, and adhering to the Audit Requirements, Reporting and Delivery Requirements specified in Sections III, VI, VII of the RFP. The Consultant must demonstrate expertise in accountancy and auditing practices and comply with all applicable federal, state, and local regulations.

Period of Performance

The contract will commence upon approval by the City Council and execution by both parties. It has an initial term that will automatically renew for two additional successive one-year terms unless either party provides notice not to renew at least thirty (30) days prior to the end of the current term.

Place of Performance

The services will be performed within the jurisdiction of McDonough, Georgia.

Bidder Requirements

The Consultant must be organized under the laws of Georgia and possess necessary licenses for performing audit services. Additionally, they are required to maintain professional liability insurance with coverage of at least $1 million per claim and $1 million in aggregate. The Consultant must also agree not to delegate or subcontract any part of their performance without express written consent from the Auditee.