Request For Proposals: Annual Financial and Compliance Audit

The purpose of the Request for Proposal (RFP) is to solicit sealed proposals to establish a contract through competitive negotiation for the procurement of an Independent Public Accountant (IPA) to perform annual financial and compliance audits of the State of New Mexico’s Higher Education Department.  Qualified IPAs in good standing with the Office of the State Auditor are requested to submit proposals.

This audit shall be performed in accordance with applicable Generally Accepted Auditing Standards (GAAS), Generally Accepted Governmental Auditing Standards (GAGAS/Yellow Book), Generally Accepted Accounting Principles (GAAP), Governmental Accounting Standards Board (GASB) Statements, CFR 2 part 200 – Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, and Requirements for Contracting and Conducting Audit of Agencies (2.2.2 NMAC).

Annual Financial and Compliance Audit RFP 

Response to Written Questions

Key Dates

RFP Release Date:

May 7, 2025

Proposal Due Date:

May 27, 2025, by 1:00 PM MST/MDT. No late offers can be accepted.

Questions

For any questions, please contact the Procurement Manager,

Danette Medrano

danette.medrano@hed.nm.gov

505-629-9027