Auditing & Accounting Services

The State of Iowa is seeking a qualified and experienced bidder to provide comprehensive, project-specific auditing, accounting, and financial management services to support various State agencies. The selected bidder shall perform a wide range of services including financial audits, compliance audits, internal control assessments, performance reviews, cost and expenditure analyses, and accounting support for State-funded, federally funded, and mixed-funded programs. Key responsibilities include evaluating the allowability and allocability of costs, reviewing documentation for federal reimbursement, supporting federal fund reporting requirements, assisting with grant management and closeout activities, preparing audit-ready documentation, and identifying areas for improved financial controls and program performance. • The bidder shall provide objective, independent auditing and accounting services for project-specific assignments defined by the State. • The bidder shall ensure all work complies with Generally Accepted Accounting Principles (GAAP), Generally Accepted Government Auditing Standards (GAGAS/Yellow Book), Governmental Accounting Standards Board (GASB) requirements, Uniform Guidance (2 CFR Part 200) when applicable, and all other applicable federal and state laws and regulations. • The bidder shall maintain internal quality control procedures, peer review documentation (if applicable), and audit methodology consistent with GAGAS requirements. • The bidder shall provide timely, accurate, and well-documented reports; maintain complete workpapers; communicate regularly with State staff; and deliver professional expertise that supports strong fiscal stewardship, compliance, transparency, and accountability across State programs.