AUD24-28 - 2024 PROFESSIONAL AUDITING SERVICES - City and County of Denver

This Request for Proposals (“RFP”) seeks proposals from qualified firms of certified public accountants (“audit firms”) to audit the City and County of Denver’s (“CCD,” “City,” or “Denver”) Annual Comprehensive Financial Report (“ACFR”) and Single Audit for the five fiscal years ending Dec. 31, 2024 through Dec. 31, 2028. This RFP details the scope of the engagement and the nature of the services required, the reports or other items to be delivered under the engagement, and the format to be used for all proposals in response to this RFP. 
Proposals submitted will be evaluated by Denver’s Audit Committee, including Committee Chairman and Denver Auditor Timothy M. O’Brien, CPA. The Audit Committee is seeking proposals from qualified audit firms that have specific experience in the areas identified in this RFP. To be eligible for consideration, the proposer must be capable of meeting all requirements specified in this RFP.
Denver Charter Section 5.2.2 directs the Denver Audit Committee to commission the annual independent audit of CCD’s finances, to be conducted in accordance with generally accepted government auditing standards (GAGAS). The Audit Committee supervises the work of the independent external auditor. Denver Revised Municipal Code Section 20-280 specifies an independent, well-qualified, nationally recognized external auditor for selection by the Audit Committee. The independent external auditor of the ACFR and Single Audit closely coordinates with external auditors performing audits of the Airport and Wastewater Enterprise Funds and the Deferred Compensation Plan Trust Fund, presents the ACFR audit and Single Audit results to the Audit Committee for review and comment before they are finalized, and issues the approved final reports to the Audit Committee. Total estimated audit fees for the 2023 ACFR audit and SIngle Audit is about $675,000.
 
The audit services summary scope of work includes, as of and for the years ending Dec. 31, 2024 through Dec. 31, 2028:

1. An audit of and opinion on the basic financial statements of the City and County of Denver in the Annual Comprehensive Financial Report (“ACFR”) and reports on compliance and internal controls over financial reporting.
2. A single audit on the compliance requirements applicable to each of CCD’s major federal award programs and reports on internal controls over compliance and on the schedule of expenditures of federal awards. Eleven major federal award programs were included as part of the 2023 single audit. Proposers should use eight major programs as an estimate for the Single audit fees, with a quote per program for any additional programs that may be identified. An equivalent reduction will be applied if the number of actual major programs is fewer than eight.