Aurora Academic Charter Primary School - Request for Proposal - Targeted Financial Review & Investigation

Aurora Academic Charter School (AACS) is seeking to engage an independent external accounting firm to provide professional services in support of a targeted financial review and investigation, as well as an assessment of internal controls. The engagement will be coordinated by the administration, in alignment with direction from the Board, and is expected to be conducted with full professional independence and objectivity. 1. Targeted Financial Review & Investigation The selected firm will: Conduct a focused review of financial transactions, processes, and related activities, with initial areas of focus identified by the administration. Plan and perform procedures in accordance with professional standards appropriate to investigative or forensic engagements, as required. Assess compliance with internal policies, applicable standards, and relevant regulatory or contractual obligations. Identify, document, and evaluate any irregularities, anomalies, or areas of concern. Perform additional procedures, including expansion of scope where warranted, to corroborate findings and obtain sufficient and appropriate supporting evidence. Maintain appropriate documentation of work performed, ensuring findings are supported by clear and defensible evidence. The firm is expected to exercise independent professional judgement in determining the nature, timing, and extent of procedures required to fulfil the objectives of this component of the engagement. 2. Internal Control Assessment The selected firm will: Evaluate the design and operational effectiveness of key internal controls over financial and related operational processes. Assess areas including, but not limited to: segregation of duties, approval authorities, financial reporting processes, and system-based controls where applicable. Identify control gaps, weaknesses, or areas of elevated risk. Provide practical, risk-informed recommendations to strengthen internal controls and improve governance and oversight.