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RFP: Annual Audit

PGNO is looking for assistance in completing a financial audit

Problem Gambling Network of Ohio (PGNO), a nonprofit 501(c)(3), is soliciting proposals from qualified firms to provide a financial audit. The audit will ensure our compliance with applicable laws and regulations and provide an independent assessment of our financial statements and internal controls.


Interested parties can submit their proposal by August 30, 2024.

Organization Background

Problem Gambling Network of Ohio is registered as a charitable, tax-exempt organization pursuant to section 501(c)(3) of the Internal Revenue Code. Founded in 2010, PGNO has mission of providing leadership and innovation to enhance Ohio’s problem gambling service system through collaboration, advocacy, and support. PGNO’s funding comes from a combination of state grants and contracts, donations, and various other sources.


PGNO’s day-to-day financial administration is provided by CPA Solutions. This includes bookkeeping (accounts payable and accounts receivable), monthly financial statement preparation for management, document preparation for the audit firm, all journal entry preparation during the year and for year-end purposes, and assistance with year-end audit and Form 990 preparation.


PGNO’s fiscal year begins July 1 and ends June 30.

Submission Details

  • SCOPE OF WORK

    The selected auditor will be responsible for:

    • Preparation of audited financial statements in accordance with Generally Accepted Auditing Standards (GAAS) for the year ended June 30, 2024.
    • Reviewing and testing internal controls and financial reporting processes.
    • Assessing compliance with applicable state and federal laws, regulations, and grant requirements.
    • Providing recommendations for improvements in internal controls and operational efficiency.
    • Preparing and presenting a comprehensive audit report to the PGNO Board of Directors.

  • DELIVERABLES

    The audit engagement shall include:

    • A detailed audit plan and timeline, to be agreed upon before the commencement of the audit.
    • A draft audit report for review and discussion with management
    • A final audit report, including financial statements and an auditor’s opinion..
    • A management letter highlighting internal control weaknesses and recommendations.
    • A presentation of the audit findings to the PGNO Board of Directors.

  • PROPOSAL REQUIREMENTS

    Interested audit firms should submit the following information in their proposals:

    • Company Overview: Background, qualifications, and experience of the firm in auditing non-profit organizations.
    • Audit Team Composition: Names and qualifications of the proposed audit team members.
    • Audit Approach: Description of the proposed audit approach and methodology.
    • Timeline: Proposed timeline for completion of the audit, including key milestones and deliverables.
    • References: At least three references from similar non-profit audit engagements.
    • Fees: A detailed breakdown of fees, including all associated costs such as travel expenses, postage, etc.
    • Legal and Regulatory Compliance: Statement confirming the firm’s compliance with all relevant legal and regulatory requirements.

  • EVALUATION CRITERIA

    Proposals will be evaluated based on the following criteria:

    • Demonstrated experience and expertise in auditing non-profit organizations.
    • Quality and clarity of the proposed audit approach.
    • Qualifications and experience of the audit team.
    • Ability to meet the proposed timeline.
    • Cost-effectiveness of the proposal.
    • References and past performance.

Questions regarding this RFP should be submitted in writing to Info@PGNOhio.org by August 30, 2024. Responses to all questions will be shared on the PGNO website at PGNOhio.org.

TERMS AND CONDITIONS

PGNO reserves the right to reject any or all proposals, request additional information or clarification from any bidder, and modify or cancel this RFP at any time. All information provided by PGNO in this RFP and during the course of the audit engagement must be treated as confidential and used solely for the purpose of preparing and conducting the audit.

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