Requet for Proposals for Auditing Services on Behalf of thje Education Savings Account Program

The Texas Comptroller of Public Accounts is seeking proposals from qualified, independent private audit entities to perform audits of the Education Savings Account Program's certified educational assistance organization's internal controls over transactions and compliance with regulations by participants, providers, and vendors. The successful respondent will be required to provide auditing services, including review and audit of application records, distributions from participants' accounts, and addition of marketplace products and services to ensure compliance with applicable law and program requirements. The contract is expected to be awarded for a period of one year, with the option for renewal. Key aspects of the job include: • Auditing internal controls over program transactions • Reviewing and auditing application records for participants, providers, and vendors • Ensuring compliance with applicable law and program requirements • Identifying indicators of fraud, waste, misuse, conflicts of interest, kickbacks, and other violations • Providing prioritized, actionable recommendations with risk ratings and management response plans • Meeting with the Comptroller prior to beginning work on each audit to develop a Comptroller-approved work plan • Providing periodic status reports to the Comptroller as requested