External Financial Audit Services

Multnomah County is seeking proposals from qualified independent certified public accounting firms to provide external financial audit services covering the County’s fiscal years ending June 30, 2026 through June 30, 2030. The scope includes auditing the County’s primary funds, component units, and conducting a federal single audit of applicable programs, ensuring compliance with federal and state standards such as GAGAS, GAAS, ORS Chapter 297, and 2 CFR Part 200. The contract aims to promote transparency and accountability in the County’s financial operations, with deliverables including the Comprehensive Annual Financial Report, Single Audit reports, and compliance documentation, all due by November 30 following each fiscal year. The procurement emphasizes independence, experience with municipal audits of similar complexity, and adherence to professional standards, with no pre-proposal conference scheduled. The solicitation, posted on November 7, 2025, closes on December 11, 2025, and proposals are to be submitted electronically via the Multco Marketplace. The contract is structured as a fixed-price engagement, with an estimated base value between two and five million dollars, and includes provisions for supplemental services billed at unit rates. The performance period spans five years, with a three-year base and two optional one-year extensions, contingent upon proposal pricing submitted through designated templates. Key personnel must possess relevant certifications and extensive government audit experience, with staffing continuity expected throughout the engagement. The County requires comprehensive representations and certifications from proposers, including disclosures related to organizational conflicts of interest, federal fund usage, and compliance with Oregon laws promoting equity. Insurance coverage must meet specified thresholds, including professional liability and cyber liability, and proof of coverage is required before work begins. Deliverables are to be performed on-site at County facilities, with final reports accepted by designated County officials, and work must comply with applicable federal and state auditing standards. The County retains the right to negotiate terms and may terminate negotiations if necessary, emphasizing the importance of the audit team’s principal involvement and adherence to performance standards.