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County of Ocean·New Jersey

OCIA: Auditing Services

Closes 11/13/2026$30k – $100kRequest for Qualification
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Description

The Ocean County Improvement Authority (OCIA) is seeking a qualified public‑accounting firm to serve as its independent auditor for the fiscal year February 1 2027 – January 31 2028. The contract is a one‑year, fixed‑price engagement that requires a comprehensive audit of the Authority’s financial statements, internal controls, cash‑management practices, debt‑related accounts, and compliance with New Jersey statutes. The firm must also prepare audit reports, management letters, and provide consultation on audit‑related matters while maintaining auditor independence. Proposals must be submitted electronically by November 13, 2026. • Scope includes full‑scale financial audit, review of internal controls, cash‑management, bond and debt‑service accounting, and preparation of audited financial statements and related reports. • Minimum vendor experience: 2 years providing similar auditing services to New Jersey improvement or local authorities. • Required deliverables: audit workpapers, management letter, public presentation of findings, and assistance with electronic filings. • Evaluation criteria weighted on personnel qualifications (30 %), relevant experience/references (30 %), understanding of scope (20 %), proximity to OCIA offices (10 %), and completeness of submission (10 %). • Contract term: 12 months, with possible extension for project‑specific work. • Payment upon voucher approval; no interest or late fees. • Mandatory insurance and compliance certifications required.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Jessica Hannold

[email protected]

(732) 929-2103

Key dates

Opened
10/21/2026
Closes
11/13/2026
Duration
12 months

Last updated

Details

Type
Request for Qualification
Industry
Consulting Services
NAICS
541211

Budget estimate

$30,000 – $100,000

Based on typical audit fees for a county‑level improvement authority in New Jersey, a qualified public‑accounting firm can expect a base audit fee ranging from $30,000 to $80,000 for a full‑year engagement. Additional hourly rates for extra services (e.g., fraud investigations, special reporting) and reimbursable expenses could push the total toward $100,000 for more complex engagements. Factors influencing the final amount include the size of the Authority’s financial portfolio, the complexity of bond and debt‑service accounting, and any supplemental consulting requested beyond the standard audit scope.

AI estimate from the solicitation

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