2026 Audit Service

Overview

Financial, Legal, HR & Staffing

Mount Prospect, Illinois, United StatesPosted 7 days agoDeadline: May 29th, 2026

Fit Score

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SUMMARY

Seeking audit services for governmental financial statements, library financials, and compliance in Mount, Illinois for the 2026 fiscal year.

KEY REQUIREMENTS

Must express an opinion on the fair presentation of basic financial statements in conformity with generally accepted accounting principles
Must provide an in-relation-to opinion on supporting schedules
Must render an opinion separately on the financial statements of the Mount Prospect Public Library
Must perform limited procedures involving required supplementary information required by the Governmental Accounting Standards Board
Must issue a report on compliance and internal control over financial reporting
Must issue a report on compliance and internal control over compliance applicable to each major federal program
Must perform an annual in-depth assessment of major business processes including accounts payable, payroll, cash receipts and utility billing
Must respond to reasonable inquiries of successor auditors and allow review of working papers

BUDGET

Estimate

$25,000 – $75,000

TIMELINE

Broadcast Date: April 30th, 2026

Due Date: May 29th, 2026

Field Work: 2nd and 3rd week of April

Issuing Agency

Village Of Mount Prospect

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DESCRIPTION

A government authority in Mount, Illinois is seeking a vendor to provide audit services for 2026. The selected auditor will be required to express an opinion on the fair presentation of the agency's basic financial statements according to generally accepted accounting principles (GAAP), as well as on combining and individual fund financial statements and schedules. An additional responsibility includes rendering an opinion on the financial statements of the Mount Prospect Public Library, along with a report on supplementary schedules of expenditures.

The scope of work does not extend to auditing supporting schedules, the introductory or statistical sections of the Annual Comprehensive Financial Report. Further, the selected auditor will deliver a report on compliance and internal control over compliance relevant to each major federal program. Field work for the audit is to be scheduled around the second and third weeks of April. The assessment will involve reviewing current processes, evaluating compliance with internal controls, and making recommendations for improvements.

To obtain full bid documents, interested parties are directed to contact the contracting authority.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.