Independent Financial Statement Audit Services

Overview

Financial, Legal, HR & Staffing

Ithaca, New York, United StatesPosted about 1 month agoDeadline: April 22nd, 2026

Fit Score

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SUMMARY

Seeking an independent auditor to conduct comprehensive financial statement audits and single audits in compliance with federal and state standards for a government entity in Ithaca, New York.

KEY REQUIREMENTS

Must be a qualified firm to provide independent external audit services
Must have experience and qualifications conducting audits for municipalities and government entities
Must provide three references from current independent government audit clients
Must submit proposal via email to the Office of the City Manager
Must be able to perform audits in accordance with GAAS, Government Auditing Standards, Uniform Guidance, and Part 43 of NYSCRR
Must be available to appear at Common Council meetings if requested
Must procure and maintain professional liability insurance of at least $1,000,000 per claim
Must procure and maintain worker's compensation insurance
Must procure and maintain general and automobile liability insurance of at least $1,000,000 each

BUDGET

Estimate

$50,000 – $150,000

CONTRACT DURATION

60 months

TIMELINE

Posting Date: March 27th, 2026

Questions and Comments Deadline: April 7th, 2026

Proposal Submission Deadline: April 22nd, 2026

Potential Virtual Interview: Week of April 27th, 2026

Selection (Contract Award): May 6th, 2026

Introductions / Project Kickoff Meeting: May 2026

QUESTION DEADLINE

April 7th, 2026

Issuing Agency

City Of Ithaca

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

The selected vendor will provide independent financial statement audit services to a government authority in Ithaca, New York. Services include conducting an audit of the agency's financial statements, encompassing governmental activities, discretely presented component units, each major fund, and the aggregate remaining fund information. Additionally, the vendor will perform a separate audit of the Ithaca Area Wastewater Treatment financial statements.

Audits must be carried out in compliance with generally accepted auditing standards (GAAS) in the United States and with Government Auditing Standards issued by the Comptroller General of the United States. The engagement also includes conducting a federal single audit following the Uniform Guidance (2 CFR Part 200). The vendor is expected to provide clear and timely communication of proposed audit adjustments, findings, and recommendations to agency officials. Attendance at Common Council meetings to explain audit results and availability for meetings with state auditing entities may be required.

Source attribution

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