Financial Statement Compilation Services

The Commonwealth of Kentucky, Tourism, Arts & Heritage Cabinet, is seeking a CPA firm to compile annual financial statements for the Kentucky Artisan Center. The selected firm will be responsible for compiling financial statements in accordance with Generally Accepted Accounting Principles (GAAP) and providing related services. The scope of work includes gaining an understanding of the Center's financial activity, creating accounting entries, compiling financial statements, and assisting with audit responses. • The CPA firm must have experience in creating annual financial statements for similar agencies. • The firm must provide a detailed work plan and approach, including a timeline and potential challenges. • The firm must provide a sample financial statement or template. • The firm must explain its approach to compiling financial statements and presenting them to the Center. The evaluation criteria include technical proposal (1000 points), cost proposal (200 points), and oral presentation (200 points). The contract will be awarded to the firm that best meets the needs of the Commonwealth.