Financial Auditing Services

The Sanford Housing Authority is soliciting proposals for professional financial auditing services from licensed, independent certified public accounting firms. The selected contractor will be responsible for auditing the basic financial statements of the Agency and its reporting entity for each fiscal year of the contract, ensuring compliance with GAAP for governmental entities. Key deliverables include an annual audit report, a Single Audit report with major program compliance testing, and the audit of the Financial Data Schedule for electronic submission to HUD. All services must adhere to strict professional standards, including GAAS, GAGAS (Yellow Book), 2 CFR Part 200 Subpart F, and the HUD Consolidated Audit Guide. The contract is structured as a fixed-fee agreement with a primary annual audit fee and a renewal fee for up to five years, supplemented by a blended hourly rate for additional authorized services. Proposals are evaluated on a 100-point scale, focusing on proposed costs, technical approach, qualifications and capacity of key personnel, and commitment to Section 3/MWBE participation. To be eligible, firms must be registered with the North Carolina State Board of Certified Public Accountant Examiners, maintain a passing peer review rating, and certify independence from the Agency. Invoices must be submitted in PDF format and require approval from the Secretary of the LGC before payment can be issued.