for external auditor services (Request # G217).
The auditing services are for the Division of Intercollegiate Athletics (DIA), the Booster Clubs, WILL-AM-FM-TV, and certain State of Illinois grants as follows:
The intercollegiate athletic program at the University of Illinois at Urbana-Champaign is conducted in accordance with the constitution, by-laws, and rules and regulations of The National Collegiate Athletic Association (NCAA). The NCAA constitution requires that all expenditures for and on behalf of an institution's intercollegiate athletic programs, including those of any outside organization or agency, shall be subject to an annual financial audit conducted by a qualified independent audit firm.
The University of Illinois at Urbana-Champaign owns and operates WILL-AM-FM-TV, a public radio and television station. An independent audit must be performed of University and University of Illinois Foundation statements of accounts for WILL in order to prepare reports and statements that are submitted to the Corporation for Public Broadcasting (CPB). These statements must be prepared in accordance with CPB's Principals of Accounting and Financial Reporting for Public Telecommunications Entities.
Expenditures of Higher Education Cooperation Act (HECA) grant funds received by the University from the Illinois Board of Higher Education (IBHE) must be audited yearly. The IBHE requires that these audits be prepared by an external auditor registered as a public accountant by the Illinois Department of Professional Regulation. Most HECA audits are due December 31. In addition, there are a number of other special audits required for State of Illinois Board of Higher Education projects.
Proposers will be required to provide their program plan, qualifications, references, and other pertinent information. (Submitted by Katharine Kral, State Purchasing Officer.)