External Audit Services

Background
The Carrollton-Farmers Branch Independent School District (CFBISD) is seeking proposals from qualified public accounting firms to provide external auditing services for the fiscal year 2026. The district serves approximately 22,723 students across 34 campuses and has a General Fund operating budget of $308,410,474. The audit will ensure compliance with Texas Education Agency standards and assess the financial statements' accuracy in accordance with generally accepted accounting principles.

Work Details
The selected firm will conduct an organization-wide audit that includes:
1. Evaluation of financial statements to ensure they fairly present the financial position and results of operations.
2. Compliance checks with laws and regulations affecting financial statements.
3. Assessment of internal controls and reporting any deficiencies.
4. Testing transactions related to federal programs for compliance with applicable laws.
5. Preparation of an annual audit report in a format acceptable to the Texas Education Agency (TEA).
6. Submission of a management letter with constructive feedback for improvements.

Period of Performance
The initial contract period will be from April 3, 2026, through April 2, 2027, with options for four one-year renewals, potentially extending until April 2, 2031.

Place of Performance
The audit services will be performed at the Carrollton-Farmers Branch Independent School District facilities located in Carrollton, Texas.

Bidder Requirements
Firms must demonstrate independence as defined by Government Auditing Standards and must be properly licensed for public practice. They should have experience in auditing Texas public schools or similar entities and must not have a record of substandard work.