Audit Services

Background

Scotland County is a local government in North Carolina with a population of approximately 33,322. The County operates a General Fund, three enterprise funds, and various other funds. The purpose of this Request for Proposal (RFP) is to solicit proposals from qualified independent auditors with governmental accounting and auditing experience to perform a financial and compliance audit for the County.

Work Details

The audit will encompass a financial and compliance examination of the Comprehensive Annual Financial Report (CAFR) in accordance with the laws and regulations of North Carolina. It will cover federal, state, and local funding sources, adhering to generally accepted auditing standards; Government Auditing Standards; the Single Audit Act; Uniform Guidance; and other applicable laws. The auditor will be responsible for preparing year-end adjusting journal entries, drafting the Basic Financial Statement, supplementary information, and compliance reports. Drafts must be submitted for review by the Finance Officer to ensure completion by December 31st each year. Fieldwork should be completed by October 15th each year, with interim fieldwork preferred in early August. The financial audit opinion will cover all activities of the County including major funds and component units.

Period of Performance

The contract will begin with the audit for fiscal year ending June 30, 2026, and is intended to last for three years with annual negotiations thereafter. The specific periods are: - July 1, 2026 to June 30, 2027 - July 1, 2027 to June 30, 2028 - July 1, 2028 to June 30, 2029.

Place of Performance

The contract will be performed at Scotland County's Finance Department located at 507 W. Covington Street, Laurinburg, North Carolina.

Bidder Requirements

Auditors must have sufficient governmental accounting experience and be independent contractors responsible for their own employees and subcontractors. Proposals must include qualifications such as prior government audit clients, experience in governmental audits, participation in quality control programs (peer review), liability insurance coverage details, and any regulatory actions against the firm. Auditors must also provide evidence of their commitment to governmental accounting standards.