Audit and Tax Compliance Services

The Lenoir Community College Foundation, Inc., a North Carolina 501(c)(3) nonprofit, is soliciting proposals from qualified Certified Public Accounting (CPA) firms to provide independent audit and tax compliance services. The scope of work includes the examination of financial statements, internal controls, and net assets, as well as the preparation of IRS Form 990 for the fiscal years ending June 30, 2027, 2028, and 2029. The contract is structured with an initial one-year term beginning November 6, 2026, with two optional one-year renewals at the Foundation's discretion. All services must comply with Generally Accepted Auditing Standards (GAAS), Government Auditing Standards (GAGAS), and North Carolina General Statutes, with oversight from the North Carolina Office of the State Auditor and the Office of State Controller. Proposals must be submitted in two separate volumes, technical and cost, by September 1, 2026. Evaluation will be based on a best-value methodology, considering factors such as firm qualifications, technical approach, key personnel experience, peer review results, and cost. Mandatory requirements for proposers include valid North Carolina professional licensure, evidence of professional liability insurance, and an affirmative statement of independence. Key deliverables include the final audited financial statements, an Independent Auditor’s Report, and a management letter. The selected firm must maintain audit and tax workpapers for at least three years and is required to conduct on-site fieldwork at the Foundation's location in Kinston, North Carolina.