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25520007-I2 - Financial Auditing Services
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Title:  

25520007-I2 - Financial Auditing Services

Agency:  

California Department of Veterans Affairs

State:  

California

NAICS Code:  

541211

Industry:  

Financial Services

Solicitation Type:  

Invitation for Bid

Solicitation ID:  

25520007

Open Date:  

4/8/2026

Questions Due Date:  

4/13/2026

Close Date:  

4/22/2026

Projected Award Date:  

4/28/2026

Project Duration:  

34 months

Last Updated:  

Description:
The California Department of Veterans Affairs (CalVet) is seeking a qualified firm to provide comprehensive financial auditing services for its Home Loans Division. The contract will cover three fiscal‑year audit cycles (FY 2025‑2026 through FY 2027‑2028) and requires the contractor to conduct GAAS‑compliant audits of four primary funds, deliver consolidated and individual audit reports, and provide management letters. The work is performed primarily from the contractor’s offices with a four‑week on‑site fieldwork period each June, and the contractor must maintain extensive insurance, licensing, and record‑retention requirements. Preference incentives are available for Small/Micro businesses and DVBE participation, though the solicitation is exempt from mandatory DVBE goals. • Audit four CalVet Home Loans funds for three consecutive fiscal years, delivering final reports by October 1 and management letters by October 31 each year. • Provide monthly invoices, retain audit records for 3 years (6 years for DVBE docs), and maintain professional liability coverage for 5 years post‑contract. • Must hold a California CPA license, demonstrate $100 M+ annual revenue, and satisfy all certification, insurance, and disclosure requirements (CUF, Darfur, civil‑rights, sanctions, GenAI).
Attached Files:

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

Contact Information:

Stacie Kincaid(Contract Analyst)

stacie.kincaid@calvet.ca.gov

(916) 657-9331

Budget Estimate (AI):

$500,000 – $2,000,000

No contract value is disclosed, but state‑wide multi‑year audit engagements of this scope typically range from $500 K to $2 M depending on the firm’s rate structure, staff levels, and the complexity of the four fund audits. Assuming an average hourly rate of $250–$400 and roughly 2,000–4,000 billable hours per fiscal year, the total award could fall in the mid‑six‑figure to low‑seven‑figure range.

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