Internal Audit Services

Overview

Financial, Legal, HR & Staffing

Santa Fe, New Mexico, United StatesPosted about 2 months agoDeadline: April 27th, 2026

Fit Score

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SUMMARY

The government authority in Santa Fe, NM is seeking independent internal audit services to evaluate internal controls, risk management, and compliance.

KEY REQUIREMENTS

Offeror must hold professional certification as a certified public accountant.
Offeror must maintain professional liability insurance in accordance with Section 2.2.2.8.I NMAC.
Offeror must have provided internal audit services to a U.S. public sector for a minimum of five years prior to the proposal due date, with one client included as a reference.
Offeror must have and maintain a positive net worth as of the proposal submission date and for the contract duration.
Offeror must have experience auditing pension funds with net assets exceeding $1 billion for at least three years, and assigned staff must have this experience.
Offeror must not have any direct or indirect conflict of interest with the performance of services.
Offeror must complete, sign, and return the Campaign Contribution Disclosure Form.
Offeror's proposal must be accompanied by an unaltered Letter of Transmittal Form, completed and signed by an authorized individual.
Offeror must submit a copy of its valid New Mexico/Native American Resident Preference Certificate or New Mexico/Native American Resident Veteran Preference Certificate.

BUDGET

Estimate

$1,000,000 – $4,000,000

CONTRACT DURATION

48 months

TIMELINE

Issue RFP: March 16th, 2026

Acknowledgement of Receipt Form: March 27th, 2026

Deadline to submit Written Questions: March 31st, 2026

Response to Written Questions: April 3rd, 2026

Submission of Proposal: April 27th, 2026, 3:00 pm MST/MDT

Proposal Evaluation: May 4th, 2026 – May 29th, 2026

Selection of Finalists: June 4th, 2026

Best and Final Offers: June 11th, 2026 (Optional)

Oral Presentation(s): June 11th, 2026 (Optional)

Finalize Contractual Agreements: June 17th, 2026

Contract Awards: July 1st, 2026

Protest Deadline: 15 days after awarding of contract

QUESTION DEADLINE

March 31st, 2026

Issuing Agency

Public Employees Retirement Association of New Mexico

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DESCRIPTION

A government authority in Santa Fe, New Mexico, seeks a vendor to provide internal audit services, focusing on an independent evaluation and appraisal of agency internal controls. The scope includes assessing the adequacy and reasonableness of internal controls to ensure financial and operational reports are reliable, accurate, and timely.

The audit will also evaluate whether risk management processes are effective and significant risks are correctly identified and managed. The vendor must review the promotion of ethics and values at the governance level, compliance with policies, standards, and regulations, and address any significant legislative or regulatory compliance issues affecting the organization’s risk management processes. Additionally, the provider will assess communication among governance groups, IT security practices, and ensure that internal controls properly safeguard agency assets.

Source attribution

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