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Solicitation Title:
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Auditing Services for Office of the Budget
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Agency:
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Department of General Services
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Existing Contract Number:
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4400014103
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Proposed Solicitation Date:
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05-01-19
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Contract Expiration Date:
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03-31-20
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Proposed Method of Procurement:
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Description:
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Audit Services: To cover the requirements of The Office of the Budget.
These services will enable the Commonwealth to continue to comply with applicable standards of GAAP accounting and reporting in its basic financial statements and other applicable components of its Comprehensive Annual Financial Report (CAFR); enable the Commonwealth to obtain the Certificate of Achievement for Excellence in Financial Reporting; and enable the Commonwealth to continue to meet the auditing and reporting requirements of the Single Audit Act Amendments of 1996.
• CAFR Audit Services - Joint audits, with the Auditor General, of the Commonwealth’s basic financial statements prepared in accordance with generally accepted accounting principles (GAAP). These statements will be issued as part of the Commonwealth's CAFR. The audit scope must meet the reporting requirements in effect for obtaining the Government Finance Officers Association’s (GFOA’s) Certificate of Achievement for Excellence in Financial Reporting.
• Single Audit Services - Joint audits, with the Auditor General, of the Commonwealth’s administration of federal awards and its Schedule of Expenditures of Federal Awards, intended to satisfy the requirements of the Single Audit Act Amendments of 1996 and OMB Circular A-133.
• Tuition Account Program (TAP) – Guaranteed Savings Plan (GSP) Audit Services – Selected firm will be responsible for the annual financial audit of TAP-GSP. The TAP-GSP program is administered by the Pennsylvania Treasury Department and provides Commonwealth residents with the opportunity to prepay college tuition towards future education expenses at eligible educational institutions. The TAP-GSP program is an enterprise fund included as part of the primary government within the Commonwealth’s CAFR.
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