Financial Audits of the Department of Commerce and Consumer Affairs

The Office of the Auditor, State of Hawaii, is contracting for professional financial audit services for the Department of Commerce and Consumer Affairs (DCCA) for fiscal years ending June 30, 2025, and 2026. This contract fulfills constitutional and statutory mandates for periodic, independent, post-audit reviews of all state departments to ensure that financial records are accurate and that state agencies comply with all pertinent laws and regulations. Contractors will audit the DCCA’s financial statements according to recognized federal and industry standards, including those set by the U.S. Government Accountability Office and the American Institute of Certified Public Accountants, with particular attention to proper accounting, propriety of expenditures, identified deficiencies, and the integrity of revenue and asset reporting. Selected contractors will be expected to evaluate and make recommendations for improvements in DCCA’s internal controls over financial reporting, as well as provide technical assistance in preparing DCCA’s year-end financial statements in compliance with FASB standards. The two-year contract may be extended for an additional year upon mutual agreement, with all work to be performed at the Auditor’s Honolulu office. Prospective bidders must be fully licensed and authorized to practice public accountancy in Hawaii, possess professional liability insurance, maintain a clean professional record, and be in good standing with requisite regulatory bodies. The estimated value of the contract ranges between $500,000 and $1,500,000.