Regional Transit Authority of Southeast Michigan

The buyer seeks independent CPAs to perform annual financial and federal single audits. The audits must comply with government accounting standards and regulatory requirements. The scope includes auditing FY2024-2026, with the addition of Q Line operations from FY2025. The buyer requires remote fieldwork and presentation of findings to the Board.

• 7/10/2024 - Proposal Issued
• 7/15/2024 - Questions Due
• 7/17/2024 - Responses to Questions Shared
• 7/26/2024 - Proposal Due Date

• Independent Certified Public Accountants licensed to practice in Michigan
• Experience with GAAS, government and single audits
• References from other government clients requiring single audits

• Perform annual standard financial audit
• Conduct federal single audit
• Express opinion on fairness of financial position
• Examine operations for legal and regulatory compliance
• Present audit findings to Board of Directors
• Issue applicable letters to Board of Directors
• Conduct fieldwork in mid-January following year end
• Meet March 31st state audit clearinghouse deadline
• Record Q Line operations transfer transaction
• Present draft audit at public Board meeting in March