RFP 26-03 FOR FINANCIAL AUDIT SERVICES

PROCUREMENT OVERVIEW

The San Gabriel Valley Council of Governments (SGVCOG) is seeking proposals for financial audit services to assess its financial statements for the fiscal years ending June 30, 2026, through June 30, 2031. The audits must comply with generally accepted auditing standards as established by the American Institute of Certified Public Accountants (AICPA) and adhere to the Government Auditing Standards, the Single Audit Act Amendments of 1996, and the Uniform Administrative Requirements outlined in 2 CFR 200 Subpart F. The objective is to ensure compliance and accuracy in financial reporting.

ISSUING ORGANIZATION

• Organization: San Gabriel Valley Council of Governments
• Location: Monrovia, California, US
• Primary Contact: Randy Futch
• Email: [email protected]

TECHNICAL CAPABILITIES

Bidders must possess expertise in:

• Generally accepted auditing standards (AICPA)
• Government Auditing Standards (GAO)
• Compliance with the Single Audit Act and 2 CFR 200 Subpart F
• Familiarity with the Governmental Accounting Standards Board (GASB) accounting rules.

DELIVERABLES AND PERFORMANCE STANDARDS

Key deliverables include:

• Comprehensive financial audit reports for each fiscal year from 2026 to 2031.
• Adherence to reporting requirements as dictated by the applicable standards.
• Timely submission of audit findings and recommendations.

EVALUATION CRITERIA

Proposals will be evaluated based on:

• Technical approach and understanding of the audit requirements.
• Past performance in similar audits.
• Cost-effectiveness of the proposal.
• Overall compliance with the RFP requirements.
  The evaluation process will likely favor a best-value approach rather than strictly lowest-price technically acceptable.

PREFERRED QUALIFICATIONS

While not mandatory, the following qualifications may enhance a bidder's competitiveness:

• Additional certifications in relevant accounting or auditing standards.
• Experience with governmental audits or audits of similar organizations.
• Demonstrated ability to provide value-added recommendations based on audit findings.

This summary provides a comprehensive overview of the RFP for financial audit services, highlighting essential details for potential bidders to assess their fit for the opportunity.