Independent Auditing Services of Financial Statements

E-470 Public Highway Authority

Buyer seeks qualified CPA firm to audit its financial statements for fiscal year ending December 31, 2025, with option for three subsequent years. Buyer operates a 47-mile toll highway around Denver's eastern perimeter. Buyer provides tolling services through ExpressToll and License Plate Toll systems, and also provides back-office tolling services to other entities. Buyer requires audit completion by May 15 each year.

• 7/8/2025 - Cutoff date for questions
• 7/11/2025 - Date for final addendum
• 7/22/2025 - Proposal Due Date
• 8/29/2025 - Notification to potential most responsive Proposer
• 9/11/2025 - Anticipated Contract approval
• 1/1/2026 - Anticipated notice to proceed
• 6/30/2026 - Contract Completion Date

• Five years experience auditing large capital projects within last ten years
• Five years experience auditing agencies without federal/state funding within last ten years
• Five years experience auditing tolling transactions within last ten years
• Five years experience auditing transportation projects within last ten years
• Five years experience auditing governmental agencies within last ten years
• CPA in good standing with Colorado Board of Accountancy
• Five years knowledge of generally accepted accounting principles within last ten years
• Five years knowledge of auditing standards within last ten years

• Prepare Independent Auditor's Report on annual financial statements
• Participate in annual audit planning session with Authority staff
• Express opinion on fair presentation of Authority's financial position
• Review and report on internal control over financial reporting
• Review supplementary information required by GASB
• Review Annual Comprehensive Financial Report and suggest improvements
• Attend Audit Committee and Board meetings to present results
• Perform tests of compliance with laws, regulations, and contracts
• Apply procedures to Management's Discussion and Analysis
• Provide support for investment and bond analysis when needed