Description
The IAG Service Corporation is seeking qualified accounting firms to perform a one‑time audit of its 2025 financial statements and those of the broader IAG consortium. The audit must conform to GASB pronouncements and U.S. GAAP (AICPA standards), covering revenues, expenditures, internal controls, bank reconciliations, accounts payable/receivable, investments, and fraud detection. Deliverables include an audit report within 120 calendar days of receiving the Treasurer’s Report (expected third week of April 2026) and ongoing technical assistance throughout 2026 for new GASB guidance. Proposals are due by August 13 2026 and must include a description of services, fee structure, timeline, references, qualifications, and a project‑manager biography.
• Scope: Comprehensive financial‑statement review and audit of IAGSC/IAG 2025 statements, compliance with GASB & AICPA standards.
• Deliverables: Audit report (≤120 days after Treasurer’s Report) plus year‑round technical assistance on accounting and GASB updates.
• Evaluation: 40 % experience, 30 % approach, 20 % cost, 10 % references; no fixed budget disclosed, bidders submit hourly rates and cost breakdown.