Bureau of Audit
Request For Proposals
Welcome to the Bureau of Audits Request For Proposals (RFP) page.
Request For Proposals GAGAS External Peer Review For The Audit Bureau of The Office Of The Comptroller Of The City Of New York
(April 26, 2013 - May 29, 2013)
The Office of the New York City Comptroller is soliciting proposals from independent external reviewers (“Organizations” or “Proposers”) for the provision of all work required in connection with an external peer review of the Office of the Comptroller's Audit Bureau (Audit Bureau). This review must be conducted in accordance with the Generally Accepted Government Auditing Standards (GAGAS) as promulgated by the Comptroller General of the United States. The final report is to be completed by December 27, 2013.
Consistent with the policies expressed by the City of New York, proposals from minority-owned and women-owned businesses or proposals that include subcontracting or partnering arrangements with minority-owned and women-owned firms are encouraged. Additionally, proposals from small- and New York City-based businesses are also encouraged.
Minimum Qualification Requirements
Organizations wishing to submit proposals in response to this Request For Proposals (RFP) must meet the minimum qualifications specified below. These requirements must be maintained during the term of the contract awarded pursuant to this RFP. Proposals which do not meet these minimum requirements will not be considered.
- The minimum requirements are as follows:
The Organization must have provided external audit peer review services within the past four years;
- The majority of the proposed external audit peer review staff must have had internal and/or government auditing experience within the past four years:
- The Organization must have performed external audit peer reviews for clients who have staff of at least 15 professional auditors;
- The Organization must have conducted reviews which have included performance audits as detailed in GAGAS; and
- Only audit supervisors or higher level professional staff who have a minimum of five years of audit supervisory experience shall perform the services required pursuant to this RFP.
Conflict of Interest and Other Restrictions
In order to ensure professional independence, the external auditors of the financial statements of the City of New York are precluded from submitting proposals for this RFP.
In order to avoid any conflicts of interest, the successful proposer will be precluded from assigning to the review team individuals who were employed by the Audit Bureau within the 12 month period immediately prior to the contract start date and who otherwise fall within the restrictions set forth in the New York City Charter (“Charter”) §2604(d) and/or who do not meet the independence standards set forth in GAGAS.
Proposals are due by no later than 2:00 PM on May 29, 2013.
All proposals shall be submitted to Mr. Dennis J. Hochbaum, Director of Quality Assurance, Audit Bureau, City of New York, Office of the Comptroller, Municipal Building, 1 Centre Street, Room 1100N, New York, New York 10007.
To download a copy of this RFP, which describes the minimum requirements, scope of work, and proposal submission procedures, please click on the link below.
We received three questions from a potential proposer to the subject RFP. The following represents our answers to those three questions.
- Will Internal Audit require and/or have a preference that each of the service provider team members assigned to this engagement has recognized credentials such as Certified Internal Auditor, Certified Government Auditing Professional, and/or Certified Fraud Examiner?
Answer: Potential proposers are referred to RFP Section 10.4 “Evaluation Criteria” which discusses the factors upon which proposals will be evaluated. “The qualifications and experience of all the personnel the proposer plans to assign to the engagement.” is one of the factors.
- Are the work papers stored in such a manner that would allow the Peer Review team the ability to review them at their offices prior to the onsite visit if they have the ability to view TeamMate files?
Answer: Due to confidentiality concerns, the Peer Review team will not be allowed to view work papers offsite. Peer review related fieldwork will need to be conducted on site at the Audit Bureau’s office.
- Does the Office of the Comptroller have a preference as to which peer review framework (e.g. OIG Guide for Conducting External Peer Review of the Audit Organizations of Federal Offices of Inspector General, The IIA Quality Assurance Manual revised for GAGAS, etc…) is to be utilized? One of the primary differences between the two frameworks listed above is the performance of interviews of executive management. Is the Office of the Comptroller expecting the Peer Review team to conduct a specified number of interviews of the executive leadership team for the City of New York (outside of the Office of the Comptroller)
Answer: Potential proposers are referred to RFP Section 10.4 “Evaluation Criteria” which discusses the factors upon which proposals will be evaluated. “The quality, relevance, and comprehensiveness of the sample questionnaire and documents used to gather information.” is one of the factors