SLED Opportunity · TEXAS · IDEA PUBLIC SCHOOLS
AI Summary
IDEA Public Schools seeks qualified CPA firms for annual audits and financial reviews of its Texas charter school and affiliates, requiring expertise in public sector and nonprofit auditing standards.
IDEA Public Schools (herein referred to as IDEA or the organization) is seeking Statement of Qualifications from qualified independent certified public accounting firms to conduct IDEA’s annual audits in accordance with Texas Education Code (Tex. Ed. Code) Section 12.111(a)(11) and 44.008, Texas Administrative Code, Title 19 (19 TAC), §100.1067(c), Code of Federal Regulations, Title 2, §200.501(a), and the TEA’s Financial Accountability System Resource Guide (FASRG), Modules 2 for our Texas open-enrollment charter school and its related nonprofit entity, IPS Enterprises, Inc (IPS), of which IDEA is its sole corporate member under Chapter 22 of the Texas Business Organizations Code. The qualified Respondent(s) must be a member of the American Institute of Certified Public Accountants (AICPA) Governmental Audit Quality Center (GAQC), adhere to GAQC’s membership requirements, collectively have the knowledge, skills, and experience to be competent for the audit being conducted, including thorough knowledge of Generally Accepted Auditing Standards (GAGAS), Texas public school district environments, public sector, and nonprofit sector. Additionally, on behalf of its affiliates, IDEA Florida, LLC (IDEA Florida) and IPS Cincinnati, LLC (IPS Cincinnati), IDEA is seeking review services conforming with the Statements on Standards for Accounting and Review Standards issued by the AICPA. The reviews for IPS Florida and IPS Cincinnati will be separate engagements from the annual audit of IDEA and its subsidiary, IPS. The qualified Respondent(s) must be able to provide goods and/or services with the utmost diligence, cooperation, and ethical behavior in addition to being knowledgeable of industry standards of practice, ensuring effective project planning, management, and execution. The chosen Respondent(s) will audit IDEA’s (and IPS’) financial statements and conduct a review of IPS Florida’s and IPS Cincinnati’s financial statements for the fiscal year ending June 30, 2026, and anticipated for the four (4) fiscal years thereafter. The chosen Respondent(s) must also demonstrate high levels of trust, competence, integrity, and adherence to professional audit standards applicable to charter schools and nonprofit corporations. IDEA reserves the right to revise and amend this RFQ prior to the date set for the receipt of the Statement of Qualifications (SOQ). Respondents are requested to clarify any ambiguity, conflict, discrepancy, omission, or other error(s) in the RFQ in writing. Revisions or amendments, if any, will be made by issuing an addendum. Every effort will be made to send addenda issued to the parties known to have been furnished with a complete copy of the RFQ. It is the responsibility of each respondent, prior to submitting the SOQ, to contact IDEA to determine if addenda were issued and, if so, to obtain such addenda for attachment to the SOQ. IDEA reserves the right to waive any requirement or technicality as it determines appropriate or in its best interest. Addenda are posted to IDEA’s website at: Bid Opportunities & RFPs - IDEA Public Schools
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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