Fiscal board issues request for proposals for CPA firm

Fiscal Oversight & Management Board (Juan J. Rodríguez/CB)

SAN JUAN – The Financial Oversight and Management Board issued Tuesday a request for proposals (RFP) for “qualified and experienced” certified public accounting firms interested in providing audit services for the board.

The board is looking for a firm to cover the audit of its financial statements. The audit report must be issued to the board by the second week of August, it says in Tuesday’s release.

Areas the board says are relevant in its consideration and selection process are: “responsiveness in the completeness and conformity of the proposal to the RFP requirements; experience including, but not limited to the qualifications and work experience of key personnel assigned to the audit and experience in governmental financial audits; capacity of adequate personnel who can reasonably respond to the Oversight Board’s needs with demonstrated knowledge, skills, and abilities to perform required services competently; the appropriateness and adequacy of proposed procedures, reasonableness of time estimates and total audit hours, size and structure of the CPA firm and appropriateness of assigned staff levels, and the overall cost of the audit over the contract period.

The RFP may be downloaded from the board’s website, www.oversightboard.pr.gov. The deadline for responses to the RFP from interested service providers is 5 p.m. Monday, April 24.

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