Texas Agricultural Finance Authority Financial Audit Services

The Texas Agricultural Finance Authority (TAFA), a division within the Texas Department of Agriculture, is seeking bids for a comprehensive financial statement audit for the fiscal year ending August 31. The selected Certified Public Accountant (CPA) will be responsible for conducting the audit in accordance with Texas Agriculture Code, Section 58.016, which mandates independent verification of the Authority’s financial statements. The project encompasses three main components: performing the financial statement audit to assess whether the Authority’s financial reports are presented fairly and in accordance with Generally Accepted Accounting Principles (GAAP), preparing an independent auditor’s report that includes a narrative overview and analysis of the Authority’s financial activities, and providing a written review of the Authority’s accounting system. The audit process involves examining supporting evidence on a test basis to ensure accuracy and transparency in financial disclosures. The contract details specify that the solicitation was posted on February 28, 2024, with a response deadline of March 27, 2024. The project falls under NAICS code 541219, indicating a focus on auditing and accounting services. Interested firms are directed to contact Alfredo Aguirre via email or phone for further information, and the solicitation can be viewed on the Texas SmartBuy website. The overarching goal is to ensure the Authority’s financial statements accurately reflect its fiscal activities for the State of Texas’s fiscal year, which begins on September 1 and concludes on August 31.