RFP
Newark Symphony Hall
Independent Financial Auditing Services RFP
Newark Symphony Hall is seeking proposals from qualified Certified Public Accounting firms to provide independent financial auditing services for the Newark Performing Arts Corporation (NPAC). This opportunity supports our continued commitment to transparency, accountability, and strong financial stewardship as we advance the mission of one of Newark’s most historic cultural institutions.
NPAC is requesting proposals for annual audit services tied to consecutive fiscal years beginning with the fiscal year ending June 30, 2025. The selected firm will be expected to bring strong experience in nonprofit auditing, grant and compliance reporting, and financial oversight for organizations with multiple funding streams, including earned revenue, private support, and government grants.
NPAC is requesting proposals for annual audit services tied to consecutive fiscal years beginning with the fiscal year ending June 30, 2025. The selected firm will be expected to bring strong experience in nonprofit auditing, grant and compliance reporting, and financial oversight for organizations with multiple funding streams, including earned revenue, private support, and government grants.
About This Opportunity
The purpose of this Request for Proposals is to identify an audit partner that can provide a rigorous, professional, and well-structured audit process. In addition to issuing an opinion on NPAC’s financial statements in accordance with Generally Accepted Accounting Principles, the selected firm may also support internal controls assessment, compliance review, management recommendations, and IRS Form 990 preparation and submission.
The engagement is structured as a two-year contract term with fixed annual pricing, subject to negotiation and Board approval for any extension. Proposals will be evaluated based on qualifications, nonprofit and grant-funded audit experience, communication approach, internal controls expertise, team strength, and overall cost effectiveness.
The engagement is structured as a two-year contract term with fixed annual pricing, subject to negotiation and Board approval for any extension. Proposals will be evaluated based on qualifications, nonprofit and grant-funded audit experience, communication approach, internal controls expertise, team strength, and overall cost effectiveness.
Scope of Services
The selected auditing firm will be expected to perform services that may include:
- Annual independent financial audits
- Auditor’s reports on financial statements
- Internal control and compliance reporting, when required
- Management letter with findings and recommendations
- Support for nonprofit and grant-related reporting requirements
- IRS Form 990 preparation and review
Important Timeline
Proposals must be submitted no later than April 18, 2026.
The annual audit process is generally expected to follow this timeline:
- Planning: Early summer
- Fieldwork completion: By October 31
- Draft reports: By November 15
- Final audited financial statements: By December 15
(Adjustments may be made for the current audit cycle as needed.)
Who Should Respond
This RFP is intended for firms that are:
- Licensed to practice in New Jersey
- Independent and qualified to perform audit services
- Experienced with nonprofit and public-sector audits
- Familiar with grant-funded and government-supported organizations
- Capable of delivering clear communication and strong governance support throughout the engagement