The purpose of this Request for Proposal (RFP) is to solicit proposals for External Audit Services from:
Local or nationally recognized independent certified public accounting firms
Firms specializing in accounting and auditing for both colleges and universities, or firms with extensive experience in accounting and auditing for corporations that would like to expand an existing higher education business
The successful firm will be awarded a personal service contract in accordance with Kentucky procurement law and Kentucky State University's established procedures. The selected firm shall be the external auditor of Kentucky State University and will, under this contract, examine the University's financial statements in accordance with GAAP and government auditing standards for the purpose of issuing an independent auditor's report. The firm will inform KSU's management of any inherent weaknesses in controls, procedures, and policies, as well as any instances of noncompliance with applicable laws or regulations. When advising management of the aforementioned issues, the firm must also provide its recommended changes and/or remedies.
A contract based on this RFP may or may not be awarded. Any contract awarded through this RFP is invalid until approved and executed by Kentucky State University, approved by the Kentucky State University Board of Regents, and approved by the General Assembly, Government Contract Review Committee.
The scope of services is further defined in Section 40.2.
The University invites each prospective Vendor to have full and complete information on which to base a proposal response. Only information presented or referred to in this RFP and any additional written information that is supplied by Kentucky State University's Buyer shall be used by Vendors in preparing the response. The solicitation, addenda, and attachments shall be posted to the Kentucky State University website at: https://www.kysu.edu/finance-and-administration/purchasing/bid-opportunities.php
For the purpose of this RFP, the following terms may be used interchangeably:
Proposer, Offeror, Contractor, Provider, or Vendor;
Buyer, Purchaser, or Contract Officer;
RFP, Solicitation, or Procurement;
Bid, Proposal, or Offer;
Kentucky State University, KSU, University.
For the purpose of this RFP, the following terms are defined:
Requirements that include the words “shall”, “will”, or “must” indicate a mandatory requirement.
The Kentucky State University Buyer named on the Cover Sheet of this RFP shall be the sole point of contact throughout the procurement process. All communications, oral and written