Request for Qualifications (RFQ): Auditing Services

Location:	Arkansas
Posted:	Sep 8, 2025
Due:	Sep 30, 2025
Agency:	Arkansas Democrat-Gazette
Type of Government:	State & Local
Category:	C - Architect and Engineering Services - Construction H - Quality Control, Testing, and Inspection Services Q - Medical Services R - Professional, Administrative and Management Support Services
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Request for Qualifications (RFQ): Auditing Services
City of Mountain Home
9/3/2025
I. Introduction
The City of Mountain Home is asking for Request for Qualifications (RFQ) from qualified certified public accounting firms to provide independent auditing services. The selected firm will perform an annual audit of the City’s financial statements in accordance with Generally Accepted Auditing Standards (GAAS) and Government Auditing Standards (GAS).
II. Background
The City of Mountain Home is a municipal government that operates under a Mayor/Council structure, serving a population of approximately 13,000. The City manages an annual budget of $55,900,106.35, comprising the General Fund, Water and Sewer Funds, Street Funds, Enterprise Funds, Special Revenue Funds, and other governmental activities.
The City is required to conduct an annual financial audit in compliance with state and federal regulations.
III. Scope of Services
The selected firm shall:
Conduct two independent financial audits of the City’s financial statements for the fiscal year ending 2025 for the General/Street Funds due annually by June 30th and one Water/Sewer Fund due annually by April 30th.
• Comply with:
Generally Accepted Government Auditing Standards (GAGAS)
• Provide the following reports:
Independent Auditor’s Report
Management Letter (if applicable)
Report on Internal Controls
Single Audit Report (if applicable)
Attend meetings with City officials to present findings.
Provide technical assistance on accounting and compliance issues as needed.
IV. Qualifications
• Firms must demonstrate:
A valid CPA license in Arkansas.
At least seven years of experience in municipal or government auditing.
Qualified to conduct audits for City’s of the First Class.
Familiarity with auditing standards and federal single audit requirements.
No conflict of interest with the City of Mountain Home.
Sufficient staff to meet audit deadlines.
V. Submission Requirements
• Interested firms must submit Qualifications including:
Letter of Interest
Firm Profile
History, size, office locations
Relevant Experience
Experience with similar municipal clients
Contact information for references
Staff Qualifications
Resumes of key personnel
Audit Approach
Proposed methodology and timeline
Proof of Insurance
General liability and professional liability coverage
Sample Reports
Redacted versions of past audit reports
• Additional Information:
Any relevant certifications, awards, or affiliations
VI. Evaluation Criteria
Submissions will be evaluated based on the following:
Criteria Weight
Relevant municipal audit experience 30%
Qualifications of key personnel 25%
Audit approach and methodology 20%
References and past performance 15%
Responsiveness and completeness 10%
VII. RFQ Timeline
Submission Deadline: September 30, 2025 by 4:00 p.m.
Finalist Interviews: To be notified by City
VIII. Submission Instructions
Submit 5 hard copies to:
Hillrey Adams
Mayor
City of Mountain Home
720 S. Hickory Street
Mountain Home, AR 72653
Subject Line: RFQ – Auditing Services
All submissions must be received no later than September 30, 2025 at 4:00 p.m. Late submissions will not be considered.
IX. Terms and Conditions
The City reserves the right to reject any or all submissions.
The City is not responsible for any costs incurred in the preparation of the RFQ.
This RFQ does not commit the City to award a contract or pay any costs incurred in responding.
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Post Date: 09/07 12:00 AM

Request for Qualifications (RFQ): Auditing Services

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