REQUEST FOR PROPOSALS FOR AUDITING SERVICES
Higher Education Student Assistance Authority | State of New JerseyState · Hamilton, NJ- Due
- Feb 17, 2021
- Deadline passed
- Posted
- Jan 11, 2021
- Contract term
- 3 years
- Primary contact
- Roseann Sorrentino
The 30-second brief
This document is a Request for Proposals (RFP) issued by the New Jersey Higher Education Student Assistance Authority (HESAA) for Auditing Services. It outlines the scope of services, required components of proposals, submission instructions, and terms and conditions for potential bidders. The RFP seeks proposals from qualified accounting firms to act as the independent auditor for HESAA's annual financial audits.
Three separate audit reports, including Independent Auditor's Report, Management's Discussion and Analysis, Statement of Net Assets, Statement of Revenues, Expenses, and Changes in Net Assets, Statement of Cash Flows, Footnote disclosures, Supplemental schedules, and an Independent Auditor's Report on Compliance and on Internal Control over Financial Reporting. Additionally, Agreed Upon Procedure (AUP) reviews.
Proposed fee for services, quality of response (technical approach and plans), demonstrated ability and qualifications to conduct governmental audits and audits for HESAA's portfolio, quality of relevant service to governmental entities, familiarity with laws/rules/regulations, qualifications and experience of assigned staffing, and assurance of availability and timely performance of staff.
Hear what Higher Education Student Assistance Authority | State of New Jersey plans next before it's posted.
Get alerts freeFree account · 30-second setup · No credit card
Summary
This document is a Request for Proposals (RFP) issued by the New Jersey Higher Education Student Assistance Authority (HESAA) for Auditing Services.
It outlines the scope of services, required components of proposals, submission instructions, and terms and conditions for potential bidders. The RFP seeks proposals from qualified accounting firms to act as the independent auditor for HESAA's annual financial audits.
EVALUATION CRITERIA
Proposed fee for services, quality of response (technical approach and plans), demonstrated ability and qualifications to conduct governmental audits and audits for HESAA's portfolio, quality of relevant service to governmental entities, familiarity with laws/rules/regulations, qualifications and experience of assigned staffing, and assurance of availability and timely performance of staff.
REQUIRED DELIVERABLES
Three separate audit reports, including Independent Auditor's Report, Management's Discussion and Analysis, Statement of Net Assets, Statement of Revenues, Expenses, and Changes in Net Assets, Statement of Cash Flows, Footnote disclosures, Supplemental schedules, and an Independent Auditor's Report on Compliance and on Internal Control over Financial Reporting. Additionally, Agreed Upon Procedure (AUP) reviews.
REQUIRED ATTACHMENTS
11- New Jersey Business Registration form
- Chapter 51 certification and disclosure forms
- Chapter 271 disclosures
- Ownership Disclosure Form
- Political Disclosure Forms
- Disclosure of Investigations and Actions Involving Bidder form
- Disclosure of Investment Activities in Iran form
- Affirmative Action Employee Information Report (AA302) or equivalent
- Cost Proposal by Contract Year
- Estimated Staffing Plan by Contract Year
- HESAA Terms & Conditions
- Submit to
- Higher Education Student Assistance Authority, 4 Quakerbridge Plaza, P.O. Box 545, Trenton, NJ 08625-0545
- Reported agency
- New Jersey Higher Education Student Assistance Authority
Questions about this RFP
How do I respond to this RFP from Higher Education Student Assistance Authority | State of New Jersey?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is February 17, 2021. The solicitation specifies required deliverables that must be addressed in your response. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: Higher Education Student Assistance Authority, 4 Quakerbridge Plaza, P.O. Box 545, Trenton, NJ 08625-0545. For questions, contact Roseann Sorrentino.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Higher Education Student Assistance Authority | State of New Jersey in NJ, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Roseann Sorrentino. Questions and answers are typically shared with all prospective bidders.
What are the key deliverables?
The solicitation specifies the following deliverables: Three separate audit reports, including Independent Auditor's Report, Management's Discussion and Analysis, Statement of Net Assets, Statement of Revenues, Expenses, and Changes in Net Assets, Statement of Cash Flows, Footnote disclosures, Supplemental schedules, and an Independent Auditor's Report. Proposals should clearly address how each deliverable will be met.
Show 4 more questions
What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Proposed fee for services, quality of response (technical approach and plans), demonstrated ability and qualifications to conduct governmental audits and audits for HESAA's portfolio, quality of relev..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Higher Education Student Assistance Authority | State of New Jersey?
All active and historical solicitations from Higher Education Student Assistance Authority | State of New Jersey are tracked and searchable. As a state agency, Higher Education Student Assistance Authority | State of New Jersey regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 3 years. Contract terms may include renewal options.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: New Jersey Business Registration form, Chapter 51 certification and disclosure forms, Chapter 271 disclosures, Ownership Disclosure Form, Political Disclosure Forms, Disclosure of Investigations and A. Review the full document from Higher Education Student Assistance Authority | State of New Jersey for the complete list.