Description
Clatsop Community College is seeking a qualified firm of Certified Public Accountants to provide financial audit services for the next five consecutive fiscal years. The selected firm will be responsible for auditing the College's financial statements, including those of its component unit, the Foundation. The audit services will include an examination of the College's financial statements, as well as compliance with regulatory requirements. The College is looking for a firm with experience in auditing community colleges and familiarity with regulatory requirements. The selected firm will be expected to provide a detailed proposal outlining their approach, qualifications, and pricing.
• The College is a public institution under the general supervision of the State Board of Education through the Higher Education Coordination Commission.
• The College has a separately elected governing body, the Board of Education.
• The financial statements of the College include all accounts of the College.
• The College is subject to generally accepted auditing standards, the standards set forth for financial audits as described by Oregon Budget Law, the Governmental Accounting Standards Board (GASB), and the provisions of the federal Single Audit Act of 1984 (as amended in 1996) and U.S. Office of Management and Budget (OMB) Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
• The College receives approximately $3.8 million in federal funds for student financial aid and grant programs.