Forensic Audit Services
Overview
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SUMMARY
KEY REQUIREMENTS
TIMELINE
Release Date: June 30th, 2026
Deadline for Written Questions: July 8th, 2026
Responses to Questions Issued: July 10th, 2026
Proposals Due: July 14th, 2026
Council Review and Interviews: Week of July 20th, 2026
Selection of Firm: July 28th, 2026
QUESTION DEADLINE
CONTACTS
Primary procurement contact — name, title, email, and phone
Additional decision-makers and their departments
Issuing Agency
City of Virginia
DESCRIPTION
The City of Virginia, Minnesota seeks qualified professional firms to conduct an independent forensic audit of its local option sales tax revenues and associated financial activities. The selected firm will provide an objective assessment of the processes used for collection, management, transfer, investment, reporting, and utilization of these revenues and related funds.
The audit will involve comparing the city's expected remaining balance with its actual recorded balances, highlighting and explaining any discrepancies, differences, or unexplained variances. The scope includes a thorough examination of accounting records, such as journal entries, adjusting entries, fund transfers, and all relevant financial reports related to the local option sales tax. Additionally, the firm will review all pertinent bond documents, official statements, trust indentures, debt service schedules, arbitrage calculations (if relevant), and related financing documents to ensure compliance with bond requirements.
Similar RFPs
Frequently asked questions
- When is the submission deadline?
- This RFP closed on July 14, 2026 and is no longer accepting submissions.
- Who issued this RFP?
- It was issued by City of Virginia. The work is located in Virginia, Minnesota, United States.
- Who is a good fit for this opportunity?
- Professional auditing or accounting firm with forensic audit expertise
- Experience with municipal or government financial audits
- Familiarity with local option sales tax and public finance compliance
- Ability to produce independent, objective assessments for city councils and the public
Analysis generated by Settle AI from the source RFP.
RFP Hunter shows what is open. Settle shows what is forming.
Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.