Internal Auditing Services for The Citadel

The Citadel awarded a three‑year internal audit contract to Frazier & Deeter to provide comprehensive internal‑audit services across the college’s financial and operational functions. The work includes risk assessment, audit planning, execution, reporting, and coordination with the external auditor on a time‑and‑materials basis, with a total ceiling of $500,000. The contract is initially for one year with two optional one‑year renewals. • Scope covers accounts payable, receivable, payroll, budgeting, capital assets, endowments, facilities finance, financial aid, reporting, grants, procurement, and veteran affairs. • The vendor must supply a qualified CPA‑licensed engagement manager and staff, develop audit programs, and deliver reports to the Board’s Executive Committee and Board of Visitors. • Compensation is billed hourly per staff level, staying within the estimated hours provided in the original RFP.