Notice ID: 2032H8-24-Q-00023
The RFQ (RFQ Number 2032H8-24-Q-00023) will be available on September 24, 2024, and will be distributed solely through the GSA OASIS Symphony Procurement Platform to Small Businesses on Pool 2 of GSA’s OASIS – SB, IDIQ Contract.
The Internal Revenue Service (IRS) Chief Financial Officer (CFO) Financial Management office requires professional financial management assistance with requirements assessments to support financial systems and system architecture development; policy and procedures; data analytics; and accounting support services to assist in developing its annual financial statements, reporting to external entities, supporting the financial statement audit, and addressing issues identified by senior financial management staff. The contractor shall exercise due diligence and professional judgment in ensuring financial statement balances are free from material errors. This includes gaining an understanding of the IRS business operations and financial activities and performing analytical reviews and other procedures deemed necessary to ensure the quality and reliability of the statements. The contractor shall advise the IRS on applicable standards and guidance, particularly newly promulgated standards for implementation, and incorporation into the financial statements and provide annually a review of Office of Management and Budget (OMB) Circular A-136, Financial Reporting Requirements, by documenting changes from year-to-year to management, within seven business days of new standard being published.
TASK 1: Summary of Requirements for Financial Reporting and Analysis Office Support
The contactor will assist with review and research of new/amended accounting standards and guidance (e.g., Statement of Federal Financial Accounting Standards (SFFAS), Treasury Financial Manual, OMB circulars) and document the changes to the appropriate IRS CFO Financial Management team. The contractor will assist with preparing external financial reports and related supporting documentation and responding to audit or internal control review questions …
TASK 2: Summary of Requirements for Financial Management Systems: IFS Support
The Financial Management Systems office maintains the integrity and security of financial data and ensuring compliance of custodial and administrative accounting systems with relevant regulations. The office oversees user access, provides essential resources such as user guides, training materials, outage notifications, and transactional assistance. It manages crucial activities like fiscal year-end/annual close system processes and the annual budget load. Additionally, Financial Management Systems supports the financial management reporting and system requirements, ensuring smooth and accurate financial operations within the IRS. Furthermore, the office implements, updates, and manages new system requirements mandated or requested by various business stakeholders, ensuring alignment with regulatory standards while meeting evolving business needs …
TASK 3: Summary of Requirements for Financial Management Systems: RRACS Support
The Financial Management Systems office maintains the integrity and security of financial data and ensuring compliance of custodial and administrative accounting systems with relevant regulations. It manages crucial activities like fiscal yearend/annual close system processes and the annual budget load. Additionally, Financial Management Systems supports the financial management reporting and system 13 requirements, ensuring smooth and accurate financial operations within the IRS. Furthermore, the office implements, updates, and manages new system requirements mandated or requested by various business stakeholders, ensuring alignment with regulatory standards while meeting evolving business needs …
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