Annual Financial Audit
ID: E2621
• State: Texas
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Description
Background
The Socorro Independent School District (SISD) is seeking proposals from public accounting firms to conduct annual audits for fiscal years starting with 2024/2025. The district serves approximately 47,200 students across 49 campuses and has an operating budget of $569,707,106 for the 2024/2025 fiscal year. The goal of this contract is to ensure compliance with financial regulations and provide a comprehensive financial report that meets the standards set by the Texas Education Agency (TEA) and other governing bodies.
Work Details
The selected firm will perform an organization-wide audit encompassing the financial statements as required by GASB Statement No. 34 and the Financial Accountability System Resource Guide (FASRG).
The audit will assess whether the financial statements fairly present the district's financial position and comply with applicable laws and regulations. Specific tasks include:
1. Conducting a financial statement audit to determine compliance with generally accepted accounting principles (GAAP).
2. Evaluating internal controls and reporting any significant deficiencies.
3. Testing transactions related to federal programs for compliance.
4. Preparing a comprehensive annual financial report within 150 days after the fiscal year-end.
5. Presenting findings to the SISD Board of Trustees at their November meeting.
Period of Performance
The contract will commence upon board approval in February 2026, with interim fieldwork starting in April 2026 and continuing through July 2026. The final audit report is due by October 2026.
Place of Performance
The audit services will be performed at the Socorro Independent School District's facilities located in El Paso, Texas.
Bidder Requirements
Bidders must be independent auditors licensed for public practice, meet government auditing standards, and have no record of substandard work. Proposals must include a detailed audit approach, evidence of experience with Texas school districts, and qualifications of staff assigned to the audit.
The Socorro Independent School District (SISD) is seeking proposals from public accounting firms to conduct annual audits for fiscal years starting with 2024/2025. The district serves approximately 47,200 students across 49 campuses and has an operating budget of $569,707,106 for the 2024/2025 fiscal year. The goal of this contract is to ensure compliance with financial regulations and provide a comprehensive financial report that meets the standards set by the Texas Education Agency (TEA) and other governing bodies.
Work Details
The selected firm will perform an organization-wide audit encompassing the financial statements as required by GASB Statement No. 34 and the Financial Accountability System Resource Guide (FASRG).
The audit will assess whether the financial statements fairly present the district's financial position and comply with applicable laws and regulations. Specific tasks include:
1. Conducting a financial statement audit to determine compliance with generally accepted accounting principles (GAAP).
2. Evaluating internal controls and reporting any significant deficiencies.
3. Testing transactions related to federal programs for compliance.
4. Preparing a comprehensive annual financial report within 150 days after the fiscal year-end.
5. Presenting findings to the SISD Board of Trustees at their November meeting.
Period of Performance
The contract will commence upon board approval in February 2026, with interim fieldwork starting in April 2026 and continuing through July 2026. The final audit report is due by October 2026.
Place of Performance
The audit services will be performed at the Socorro Independent School District's facilities located in El Paso, Texas.
Bidder Requirements
Bidders must be independent auditors licensed for public practice, meet government auditing standards, and have no record of substandard work. Proposals must include a detailed audit approach, evidence of experience with Texas school districts, and qualifications of staff assigned to the audit.
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Overview
Opportunity Type
Request for Qualifications
Opportunity ID
E2621
Version
1
Response Deadline
Jan. 23, 2026
Past Due
Date Posted
Dec. 19, 2025
Source
Est. Value Range
Experimental
$500,000 - $1,500,000
(AI estimate)
Agency Distribution
Moderate
On 12/19/25 TX in Texas issued Request for Qualifications Annual Financial Audit with ID E2621 due 1/23/26.
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Posted documents for Annual Financial Audit
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