Independent Audit Firm for Annual Compliance Confirmation

The contract requires an independent audit firm to perform an annual audit to confirm compliance with applicable depository laws, collateral standards, and investment policies as mandated by the Texas Public Funds Investment Act and the Federal Institutions Reform, Recovery, and Enforcement Act. The audit must rigorously evaluate financial practices and controls to ensure alignment with regulatory requirements, focusing on the integrity of fund management and the adequacy of collateral securing public investments. The firm selected must possess the expertise to assess complex financial frameworks and issue a formal confirmation of compliance, providing transparency and accountability in the handling of public funds. The opportunity is structured as a subcontract under the NAICS code 541211, indicating professional accounting services, and was posted on July 16, 2026, with a response deadline of August 20, 2026. The contracting agency is the State of Texas Finance department, with performance expected in alignment with state regulatory jurisdictions. While the physical location of performance is unspecified, the work pertains to oversight of Texas public financial systems. The solicitation does not indicate a set-aside classification or point of contact, and all proposals must be submitted through the provided online portal prior to the deadline.