Independent Accountant Services

The New York State Bridge Authority is seeking a qualified accounting firm to perform the audit of financial statements and provide an opinion as required by NYS and the Authority's Bond Resolution a. An examination of the financial statements of the Authority as of and for the fiscal year ending December 31, 2026 and each of the next two successive fiscal years in accordance with generally accepted government auditing standards and the rendering of an opinion as to whether such financial statements present fairly the financial position of the Authority in conformity with generally accepted accounting principles (GAAP). b. Issuance of an accountant’s certificate stating that, in examining the financial statements, no knowledge of any default in the fulfillment of any of the terms, covenants, or provisions of the Bridge System Bond Resolution was obtained, or if knowledge of any such default was obtained, a statement thereof. c. Issuance of a management letter as needed based on the examination of the financial statements consisting of the following: i. Recommendations and observations which may have a significant impact on the operations of the Authority including operational inefficiencies discovered by the auditor. ii. Identification of material weaknesses, if any, in internal accounting controls. Compliance Report on Investment Procedures a. As an extension of the audit of financial statements, the proposer must perform such additional work considered necessary to provide a separate compliance report on the investment practices of the Authority and their compliance with the Authority’s Investment Policies and Procedures and the Investment Guidelines of the Office of the State Comptroller, as well as any other applicable laws, regulations, or other guidelines. This examination should include an internal control review of investment transaction processing to determine compliance with established procedures. b. The compliance report should include the following: i. a description of the scope and objectives of the audit; ii. a statement that the audit was made in accordance with generally accepted government auditing standards; iii. a description of any material weaknesses found in the internal controls; iv. a description of any non-compliance with the Authority’s own investment policies as well as applicable laws, regulations and the State Comptroller’s Investment Guidelines; v. a statement of positive assurance of compliance on the items tested and negative assurance on those items not tested; and vi. a statement on any other material deficiency or finding identified during the audit and not covered in (v) above. c. The investment compliance report is to be provided in conjunction with the examination of the financial statements for the fiscal year ended December 31, 2026 and is to be updated for each of the next two successive fiscal years. Business enterprises awarded an identical or substantially similar procurement contract within the past five years: EFPR Group, CPAs, LLC