Specifications include, but are not limited to: The Division of Intercollegiate Athletics is requesting proposals from independent Certified Public Accounting firms to annually perform the Minimum Agreed-Upon Procedures for Outside Organizations required by the National Collegiate Athletic Association (NCAA) legislation and additional audit procedures as described below and detailed in the NCAA agreed-upon procedures. The selected firm shall be expected to perform annual audits using the Minimum Agreed-Upon Procedures For Outside Organizations required by the NCAA Agreed-Upon Procedures, most recently updated with an effective date August 1, 2022 (see Attachment 1), and issue a report to the Chancellor of the University. The Minimum Agreed-Upon Procedures For Outside Organizations will extend to the financial activities and statements of outside “booster” and other organizations (listed in Attachment 1, Appendix D), as necessitated by the Minimum Agreed-Upon Procedures, whose purposes include the generating of contributions, gifts-in-kind, and services for the direct or indirect support of the University’s intercollegiate athletics program. In addition to the minimum agreed-upon procedures, the firm is expected to perform the following additional audit procedures: 1) Perform supplemental agreed-upon procedures including, but not limited to, sampling and tests of controls over operating expenditures (including payroll) of the Athletic Department, tests of capital asset additions, tests of individual contributions exceeding 10 percent of all contributions, and sampling operating expenditures of the University of Wisconsin Foundation disbursements made on behalf of the Athletic Department. 2) Perform additional agreed-upon procedures for other reporting items identified including, but not limited to, excess transfers to Institution, Athletic Department debt, Institutional debt, endowments, and capital expenditures.
