Monday, January 30, 2012

Seeking Accounting Firms

Request for Proposal

The NYC & Vicinity District Council of Carpenters is accepting proposals from CPA firms to provide audit (and tax) services for our Council in the future. Interested parties should submit a proposal to us by 5pm on February 10, 2012, for consideration. Response must be sent to:

Matthew Walker, Director of Operations New York City District Council of Carpenters 395 Hudson St., 9th Fl. New York, NY 10014 A description of our Council, the services needed, and other pertinent information follows:

Background of NYC & Vicinity District Council of Carpenters

The NYC & Vicinity District Council of Carpenters is a 501(c)(5) Labor Organization, with a related 501(c)(3) Charity Fund , 527 PAC Fund, and two 501(c)(2) title holding corporations. Annual revenues are between $27 million and $29 million per year, and the Council employs 90 people in 2 locations. The Council is membership-based and has approximately 25,000 members. The Council has a June 30 fiscal year-end, with a requirement to file an audited financial statement with the Executive Committee, the Council Delegate Body and general membership and an LM-2 with the Office of Labor Management Standards, Department of Labor by September 30 of each year in addition to applicable tax returns required by the Internal Revenue Service.

Services to Be Performed

The District Council is seeking to hire two (2) firms. Based on the expertise of your firm, your proposal is expected to cover one or both of the following two positions (although a selected firm may only hold one position):

Position 1: Service to the District Council

1. Annual audit to be completed in compliance with the previously mentioned filing requirement and meetings with audit committee and/or members of management, as necessary

2. Tax filings for the Council, related Charity and PAC funds, and title holding Corporations.

3. Quarterly reviews of internally prepared financial statements 4. Annual list of recommendations for enhanced internal controls and compliance issues Position 2: Service to the Audit Committee.

As a part of this committee:

1. Monitor compliance with the financial requirements of the District Council Bylaws

2. Review the District Council’s financial systems and procedures, making recommendations regarding best practices on a periodic basis

3. Monitor the District Council so that no financial fraud or corruption occurs

4. Quarterly report to the Delegate Body (at a minimum)

5. Develop policies and procedures for the Audit Committee Request for Qualifications

The NYC & Vicinity District Council of Carpenters is accepting proposals from CPA firms to provide audit (and tax) services for our Council in the future. Interested parties should submit a proposal to us by 5pm on February 10, 2012, for consideration. Response must be sent to:

Matthew Walker, Director of Operations
New York City District Council of Carpenters
395 Hudson St., 9th Fl.
New York, NY 10014

1. Describe your firm, discussing its audit philosophy, including the use of technology, and how it may differ from other firms.

2. Describe in particular, your firm’s local office; that is, partners, staff, and clients served.

3. Describe your firm’s local and national not-for-profit practice, including participation in professional, government, or other organizations related to the Union industry. Please also describe Union organizations similar to us.

4. Provide a list of other Union organizations your firm audits, both locally and nationally. Additionally, please indicate those Union organization clients your firm has obtained during the last three years. 

5. Identify the partners and managers who might be assigned to the audit. Please provide bios. Also, please identify other professionals resident in your local office who are qualified to serve our Council and their experience serving similar Union organizations.

6. Describe your firm’s capabilities and commitment to provide tax, information systems consulting and other management services to Union organizations. Identify any that are unique in this field.

7. Please provide local references from clients for whom you provide similar services.

Your Response to This Request for Proposal

In responding to this request, we request the following information:

1. Detail your firm’s experience in providing auditing and tax services to Union organizations in the not-for-profit industry, as well as associations of a comparable size to NYC & Vicinity District Council of Carpenters (the Council).

2. Provide information on whether you provide services to any related industry associations or groups.

3. Discuss the firm’s independence with respect to the Council.

4. Discuss commitments you will make to staff continuity, including your staff turnover experience in the last three years.

5. Identify the five largest not-for-profit clients your firm (or office) has lost in the past three years and the reasons. Also discuss, in instances when loss of the client was due to an unresolved auditing or accounting matter, the process of attempting to resolve the issue(s).

6. Identify the partner, manager, and in-charge accountant who will be assigned to our job if you are successful in your bid, and provide biographies. Indicate any complaints against them that have been leveled by the state board of accountancy or other regulatory authority, if any. Indicate any corrective actions that have been taken by the firm with respect to these people.

7. Describe how your firm will approach the audit of the Council, including the use of any association or affiliate member firm personnel and the areas that will receive primary emphasis. Also discuss the firm’s use of technology in the audit. And finally, discuss the communication process used by the firm to discuss issues with the EST, financial management team and audit committees of the Executive Board.

8. Set forth your fee proposal for the fiscal year ending June 30, 2012 audit, with whatever guarantees can be given regarding increases in future years. Provide your proposed fee for the required quarterly review work and for tax preparation. Your fee proposal should also delineate hours by level of staff. 

9. Describe how you will bill for questions on technical matters that may arise throughout the year. 

10. Furnish current standard and discounted billing rates for classes of professional personnel. 

11. Provide the names and contact information for other similarly sized clients of the partner and manager that will be assigned to the Council for reference purposes.

12. Describe how and why your firm is different from other firms being considered, and why our selection of your firm as our external accountants is the best decision we could make.

13. Include a copy of your firm’s most recent peer review report, the related letter of comments, and the firm’s response to the letter of comments.

Following are key contacts for information you may seek in preparing your proposal:

Key Personnel Michael Bilello EST (212) 366-7400
Matthew Walker Director of Operations (212) 366-7530
Judy Montreuil Chief Accountant (212) 366-3382

Requests for additional information, visits to our site, review of prior financial statements and tax returns, and appointments with the EST or financial management team (Director of Operations, Chief Accountant and member of accounting team) should be coordinated through our Chief Accountant. You may reach her at the number listed in this proposal. Please return the completed proposal to my attention at the address provided.

Relationship With Prior CPA or Current Service Provider

These services have been provided by Terrence R. Mooney, CPA. However, that firm is no longer able to provide the services our Council requires due to a lack of independence. In preparing your proposal, be advised that the EST and/or financial management team will give permission to contact the prior auditors.

Evaluation of Proposals

The Council will evaluate proposals on a qualitative basis. This includes our review of the firm’s peer review report and related materials, involvement with Union clients, interviews with senior engagement personnel to be assigned to the Council, results of discussions with other clients, and the firm’s completeness and timeliness in its response to us.

19 comments:

  1. DROP DEAD UNITY TEAM !

    ReplyDelete
  2. Relationship With Prior CPA or Current Service Provider

    These services have been provided by Terrence R. Mooney, CPA. However, that firm is no longer able to provide the services our Council requires due to a lack of independence. In preparing your proposal, be advised that the EST and/or financial management team will give permission to contact the prior auditors.

    ReplyDelete
  3. Terrance R. Mooney, CPA should have been fired the day the rest of the cowns were indicted. Does the phrase cooking the books ring a bell?

    Kudos to the new team for addressing this simple, yet over-looked fact so early into the administration.

    The Trust Fund attorneys should be conducting a forensic audit of his work for all years where he was tied directly to Forde, Greany, Oliveri etc. and make determinations regarding abuse and fraud on his account; and pursue appropriate charges against his firm and against him personally.

    Policies delegated by Forde & Greaney require an enabler such as Mooney to execute and maintain the scams and the fraud on which they were convicted and he should not be allowed to skate free until this is complete. The USAO & FBI can't let all of them cop plea deals.

    How many SEC violations did he commit? How many IRS regulations did he violate? Do the attorneys know? What percentage of the overall fraud was this man and his firm directly or indirectly responsible for?

    ON DECK:
    McCarron's L.A. LAW, law firm......time for competent local representation by a NYC law firm not beholden to McCarron, but vested in the interests of the NYCDCC Rank & File working member.

    ReplyDelete
  4. I agree that accounting firms service are no longer provide a requires for your accounting firm.Anyway i enjoy reading this article.Good article.

    ReplyDelete
  5. This will make your credit record even worse.
    loans bad credit

    ReplyDelete
  6. Accountants for locum doctors:Many doctors are working as locum, due to more flexibility. They can take valuable tax solutions from accountants for locum doctors to get more benefits.

    ReplyDelete
  7. You need to find the best accounting firms or personnel to help you with the financial aspect of your business.

    ReplyDelete
  8. Hi Friends how are you hope you fine I am share with you some tips hope you like. If you have staff, find out what they think of the current accounting system you have in place. Inquire about what software they may have used in the past and find out what they need to work effectively. It's best to get feedback before making any purchasing decisions. To get an idea of what to expect, review the costs and payment plans of available accounting software. Many of the software packages may end up costing more than the listed retail price. This is due to additional services required for features such as payroll updates and merchant services. Consider what financial resources you have for investment in software. Every investment made for your business has a cost-benefit analysis that you should assess. Many popular accounting software packages have the convenient attribute of allowing data to be converted from one program to another. Should the software not work as expected, firms may easily switch to more suitable accounting software products. Be sure to compare software capacity to your current and future business needs.
    accounting firm

    ReplyDelete
  9. Thank you for sharing valuable information. Nice post. I am very impressed to read this post. The whole blog is very nice I found some information here Thanks..Also visit my site  Affordable Accountant Intouch Accountants aims to provide an affordable, timely, clear and concise accounting service for small and medium businesses, owner operated businesses, rental property owners, societies and clubs, contractors and individuals.

    ReplyDelete
  10. Great post i read your article is superb . This is given good information , We are givening Accountinglane.com offering accounting and bookkeeping services, accounts receivable services, payroll services and accounting outsourcing services etc. If you want to know more Please Click Here
    Bookkeeper for small business india

    ReplyDelete
  11. One of the most essential parts of every industry is bookkeeping service.and UhlenbrockCPA is one of the most systematic tax services in San Antonio. Call Us Now @ (210) 701-1040 to book an appointment with best accounting firms in san antonio

    ReplyDelete
  12. Uhlenbrock CPA is one of the reputed CPA firms in San Antonio. They offer comprehensive accounting solutions for businesses. To know more call Uhlenbrock CPA at (210) 701-1040.

    ReplyDelete
  13. if you are searching for the Best CPA Firm in San Antonio then Uhlenbrock CPA is your destination in the Texas. Call Us to know more (210) 701-1040

    ReplyDelete
  14. Actonyinc CPA is one of the best accounting firms in Boynton Beach who provide CPA Tax services and Business solution firm licensed in Boynton Beach, Boca Raton. please Visit:
    Full Service Accounting Delray Beach
    Certified public accountant Boynton Beach
    CPA Boynton Beach

    ReplyDelete
  15. Agreed that preparing a proposal, must be advised by the financial management team that will give permission to contact the prior auditors.
    And even agreed that The Council will evaluate your proposals on a qualitative basis. So its better to go with a highly reputed CPA firm that handle all of such situation easily.

    ReplyDelete
  16. I love to read something interesting and meaningful, your blog post is really very informative. I like it. Thanks for sharing,.
    Accounting Services in London

    ReplyDelete
  17. Nice blog about accounting firm. It help to find the good accounting firm to people and good guide.

    ReplyDelete
  18. Excellent Blog! I have been impressed by your thoughts self employed accountant

    ReplyDelete

I would ask that if you would like to leave a comment that you think of Local 157 Blogspot as your online meeting hall and that you wouldn’t say anything on this site that you wouldn’t, say at a union meeting. Constructive criticism is welcome, as we all benefit from such advice. Obnoxious comments are not welcome.