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FINANCIAL AUDIT SERVICES
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Title:  

FINANCIAL AUDIT SERVICES

Agency:  

South Carolina MUSC

State:  

South Carolina

NAICS Code:  

541211

Industry:  

Consulting Services

Solicitation Type:  

Request for Proposal

Solicitation ID:  

5400029722

Open Date:  

4/24/2026

Pre-Bid Meeting Date:  

4/30/2026

Questions Due Date:  

5/1/2026

Close Date:  

5/28/2026

Projected Award Date:  

8/20/2026

Project Duration:  

5 years

Last Updated:  

Description:
The Medical University of South Carolina (MUSC) is seeking a qualified firm to provide comprehensive financial audit services for multiple entities within its system, covering fiscal years 2027‑2031. The contract is a fixed‑price, single‑award RFP with an initial one‑year term and up to four optional one‑year renewals. The scope includes full‑scale financial statement audits, compliance audits, Single‑Audit requirements for federal programs, and related reporting and consulting services. The award will be posted in August 2026, with the work commencing April 2027. • Perform GAAS and Yellow Book‑compliant audits for MUSC, MUHA, UMA, MSV, Mainsail and related blended and discrete component units. • Deliver audited financial statements, management letters, SEFA schedules, and meet South Carolina Comptroller General deadlines each fiscal year. • Provide progress‑payment invoicing, optional consulting rates, and retain work‑papers for three years, with mandatory entrance/exit conferences and annual board presentations.
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Andy Champion(Procurement Officer)

[email protected]

(843) 792-1300

Budget Estimate (AI):

$1,000,000 – $5,000,000

No explicit contract value is disclosed, but auditing a large academic health system with multiple entities typically commands a multi‑million‑dollar award. Assuming an all‑inclusive fee of roughly $1‑2 million per year for the base audit work, plus additional optional services, the total five‑year ceiling could range from about $5 million to $10 million. Therefore, a reasonable estimate for the initial one‑year award is $1 million‑$2 million, with the full five‑year potential up to $10 million.

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