Description
The State of Delaware’s Office of Auditor of Accounts is seeking a Delaware‑licensed CPA firm to perform independent audits of the Medicaid Disproportionate Share Hospital (DSH) Payments program for two state hospitals over a three‑year period. The work must comply with AICPA and GAGAS (Yellow Book) standards, produce draft, second‑draft, and final reporting packages each fiscal year, and promptly report any suspected fraud, waste, or abuse. The contract prohibits the audit firm from preparing the audited entity’s financial statements, disallows subcontracting of core audit work, and requires strict data‑security, U.S.‑only cloud storage, and comprehensive insurance coverage.
• Audits cover FY ending June 30 2025, 2026, 2027 for Delaware Psychiatric Center and Saint Francis Hospital.
• Deliverables include GAGAS‑compliant reports, management‑letter comments, and an exit conference; deadlines are fixed (e.g., final package for FY 2025 due August 28 2026).
• Firm must retain documentation 5 years, maintain cyber‑liability coverage ≥ $2 M, and provide CPA licenses, business license, peer‑review, and GAQC membership disclosures.
• Fixed rates must be quoted through December 31 2028; billing is time‑and‑materials with progress payments at 30 %, 60 %, 90 % and 100 % milestones, 10 % retainage held until final approval.