Colorado Office of the State Auditor

The buyer is soliciting proposals for a financial and compliance audit of the University of Colorado System for fiscal year 2025. The audit includes financial statements, federal grants, and NCAA procedures. The selected contractor will issue reports on financial statements and internal controls. The work must be completed by October 28, 2025 and presented to the Legislative Audit Committee.

• 2/28/2025 - Prospective bidders' inquiry deadline
• 3/13/2025 - OSA response to inquiries deadline
• 3/27/2025 - Proposal Due Date
• 4/10/2025 - Approximate bid selection date
• 4/17/2025 - Approximate contract date

• Be a properly licensed certified public accounting firm authorized to practice in Colorado
• Have participated in a quality control review within the past 3 years
• Not have any past history of substandard work
• Be independent for this audit engagement

• Audit basic financial statements of the University
• Audit federal grant programs under Single Audit Act
• Review compliance with state and federal laws and regulations
• Evaluate progress in implementing prior audit recommendations
• Prepare report comments and management letter on audit findings
• Perform NCAA agreed-upon procedures for athletic programs
• Issue independent auditors' reports on financial statements and internal controls
• Test payroll census data for PERA
• Deliver oral presentations to Board of Regents Audit Committee
• Testify before Legislative Audit Committee