RFP 92-26-007 Audit Services

Location:	North Carolina
Posted:	Jun 25, 2026
Due:	Jul 16, 2026
Agency:	State Government of North Carolina
Type of Government:	State & Local
Category:	R - Professional, Administrative and Management Support Services
Solicitation No:	92-26-007
Publication URL:	To access bid details, please log in.

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PURCHASING OFFICE

800 College Court

New Bern, NC 28562

(252) 638-7263

murphret@cravencc.edu

www.cravencc.edu

June 25, 2026

REQUEST FOR PROPOSAL No. 92-26-007

Program Specific Audit for the NC Office of State Budget & Management Directed Grant for

Craven Community College

Craven Community College is soliciting written proposals for compliance audit services for the

fiscal year ending June 30, 2026 on the NC Office of State Budget & Management Directed

Grant. Proposals are due no later than 2:00 p.m. on July 16, 2026. Below are details important to

proposal preparation:

• New audit service contracts must be submitted to the North Carolina Office of the State

Auditor for approval before the audit can begin.

• The initial contract shall commence on July 1, 2026, and continue, unless terminated in

accordance with this section, through June 30, 2027. Thereafter, unless either party

notifies the other in writing at least 30 days before expiration of the initial term, or then

the current renewal term, of its intention not to renew, the College reserves the right to

renew for two successive one-year audit renewal periods under the same terms and

conditions prevailing at the end of the initial term or the immediately preceding renewal

term, as detailed in the RFP. This renewal will be based on the successful performance of

the contractor.

• The proposal should have two parts, a technical proposal and a cost proposal:

o The technical proposal should describe the scope of services to be provided under

the contract and the auditor’s experience and qualifications to perform the audit.

At a minimum, the technical proposal should include a) a list of key personnel

who will perform the audit and their qualifications, b) the anticipated staff hours

to be used in conducting each of the audits, c) a list of similar clients audited by

the firm and the length of time that the firm has audited each, d) the firm’s most

recent peer review report, and e) a description of any regulatory actions taken

against the firm or key personnel in the last three years.

o The cost proposal should be prepared to itemize the amount expected to be billed

for the audit, describe the billing arrangements, and contain a maximum not-to-

exceed amount for the total term of the contract.

• The financial statements will be audited in accordance with auditing standards generally

accepted in the United States of America. If the organization spends more than $750,000

in combined federal and/or state financial assistance (e.g., contracts and grants), the audit

must also be conducted in accordance with the standards applicable to financial audits

contained in the Government Auditing Standards, issued by the Comptroller General of

the United States.

• The audit scope will include a determination as to whether the financial statements are

presented in accordance with GASB. The contract shall also acknowledge that statewide

An Equal Opportunity Educational Institution

accounting policies are established by the Office of State Controller, and thus, apply to

the organization.

• The audit report submitted by the Vendor shall contain financial statements and other

necessary disclosures. The audited financial statements will be prepared in accordance

with Office of State Controller (OSC) reporting requirements including appropriate

accounting standards, reporting formats and deadlines (G.S. 143-20.1) and in accordance

with generally accepted auditing standards. The College will furnish the auditor with

prepared financial statements and other necessary information to conduct the audit.

• Fieldwork should begin no later than October 15 and end no later than December 15.

Final audit report should be complete no later than December 31. The final audit report

shall be provided to the College’s Controller or Executive Director of Financial Services

electronically (PDF) for lawful distribution, no later than December 31 of each year

• The Vendor shall retain all working papers generated during this audit for a period of

three (3) years at the office of the vendor.

• Audit contracts will include the requirement from North Carolina General Statute §147-

64.6D: “Each audit report prepared for a State agency by a Certified Public Accountant

shall itemize the number of hours used in conducting the audit and in preparation of the

audit report and total cost of conducting the audit and preparing the audit report.” For

purposes of consistency, this cost disclosure must be presented on the last page and not

as the final note in the Notes to the Financial Statement section of the audit report. It

must be in the following format:

“This audit required _____ audit hours at a cost of $______.”

• The firm selected through this process will be the one determined to provide the best

overall value.

If you choose to submit a proposal, please email it or deliver it to Todd Murphrey, Procurement

and Fixed Assets Coordinator, Craven Community College, 800 College Ct., Brock Bldg. room

232, New Bern NC 28562 (U.S. mail) by 2:00 p.m. on July 16, 2026. His contact information

by phone is (252) 638-7263 and email is murphret@cravencc.edu.

An Equal Opportunity Educational Institution

This is the opportunity summary page. It provides an overview of this opportunity and a preview of the attached documentation.

Solicitation Number:	92-26-007
Project Title:	RFP 92-26-007 Audit Services
Description:	RFP 92-26-007 Audit Services
Opening Date:	7/16/2026 2:00 PM
Posted Date:	6/26/2026
Status:	Open
Department:	CRAVEN COMMUNITY COLLEGE


Solicitation Number * 92-26-007	Department CRAVEN COMMUNITY COLLEGE	Status Reason Open
Opening Date 2026-07-16T14:00:00.0000000	Posted Date * 2026-06-25T20:11:09.0000000Z	Primary Commodity Code Audit services
Mandatory Conference/Site Visit — —	Special Instructions —	Solicitation Type * Select RFP IFB RFI
Owner Carlton Banks
Description RFP 92-26-007 Audit Services
Description RFP 92-26-007 Audit Services

RFP 92-26-007 Audit Services

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