Find Financial & Audit Services RFPs in Illinois
25 active opportunities· Updated daily
Active financial & audit services opportunities in Illinois right now come from agencies including DOT - Transportation, Cook County, IL - 1008.RISK MANAGEMENT and HDA - Housing Development Authority, among others. The nearest deadline is October 20, 2026. New solicitations are added daily. Sign up to get the ones matched to your business scored and delivered automatically.
How do I find financial & audit services bids in Illinois?
Illinois financial & audit services solicitations are spread across 18+ different buyer sites: state procurement portals, city and county purchasing pages, school districts, and cooperative networks, each posting on its own schedule. You can check every source by hand, or use a bid discovery tool. BidSparq monitors 23,000+ federal, state, local, education, and healthcare sources daily, including the Illinois sources behind this page, scores each new solicitation 0 to 100 against your company profile, and alerts you only when a financial & audit services bid is worth your time. The 25 opportunities on this page refresh daily. For the full method, read how to find government RFPs and price the work against the free GSA labor rate lookup.
| Title | Agency | Due Date | Set-Aside | Est. Value |
|---|---|---|---|---|
| Renewal Notice 1 of 3 and Amendment- Financial Advisory Cash Flow Mgmt | HDA - Housing Development Authority | 2026-10-20 | - | - |
| SSBCI INVENT Investment Advisor | Illinois CEO - Commerce and Economic Opportunity | 2026-10-21 | - | - |
| Actuarial Analysis & Consulting | HFS - Healthcare and Family Services | 2026-10-22 | - | $18.0M |
| Payroll Administration Services | Village of Hinsdale | 2026-10-22 | - | - |
| 93.324 - State Health Insurance Assistance Program (SHIP) Base Grant Year 2 | Illinois Department on Aging | 2026-10-22 | - | - |
| EMERGENCY FINAL COST- Compliance & Auditing Services | DOT - Transportation | 2026-10-23 | - | $380K |
| Private Equity Secondary Market Advisory Services | Teachers' Retirement System of the State of Illinois | 2026-10-28 | - | $2.0M |
| [Recompete] TECHNICAL ASSISTANCE PROVISION: JUSTICE REINVESTMENT PROJECT (TASK … | Cook County, IL - 1205.JUDICIAL ADVISORY COUNCIL | 2026-10-31 | - | $1.4M |
| Banking Services RFP | City of Centralia | 2026-11-04 | - | $300K |
| NSCPA Interior Design and Consulting Services | Skokie | 2026-11-04 | - | - |
| BACP-Neighborhood Business Network - Capital Access | DEPARTMENT OF BUSINESS AFFAIRS AND CONSUMER PROTECTION | 2026-11-06 | - | - |
| [Recompete] PROFESSIONAL AUDITING SERVICES | Cook County, IL - 1020.COUNTY COMPTROLLER | 2026-11-16 | - | $99K |
| EMERGENCY NOTICE #2- Compliance & Auditing Services | DOT - Transportation | 2026-11-28 | - | $1.2M |
| [Recompete] EMPLOYER SPONSORED DENTAL BENEFITS | Cook County, IL - 1008.RISK MANAGEMENT | 2026-11-30 | - | $26.9M |
| [Recompete] Employer Sponsored Health Insurance Benefits | Cook County, IL - 1008.RISK MANAGEMENT | 2026-11-30 | - | $982.9M |
| [Recompete] AUDIT POLICIES AND PROCEDURES/ New contract $27,000 | Cook County, IL - 1070.COUNTY AUDITOR | 2026-12-09 | - | $27K |
| [Recompete] Marriage and Civil Union Fund Audit Services | Cook County, IL - 1310.OFFICE OF THE CHIEF JUDGE | 2027-04-11 | - | $6K |
| [Recompete] BANKING COLLECTION SERVICES | Cook County, IL - 1060.COUNTY TREASURER | 2027-04-30 | - | $8.5M |
| [Recompete] ADP Payroll Emergency | Cook County, IL - 1110.COUNTY CLERK | 2027-06-11 | - | $350K |
| [Recompete] COMMISSARY AND INMATE BANKING | Cook County, IL - 1239.DEPARTMENT OF CORRECTIONS | 2027-07-30 | - | - |
Showing 20 of 25 results.
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Tips for Winning Financial & Audit Services Contracts in Illinois
- ✓Single Audit Act (2 CFR Part 200, Subpart F) compliance creates recurring annual audit work for every government entity receiving $750,000+ in federal funds: thousands of contracts are issued each year by states, cities, school districts, and nonprofits.
- ✓CAFR (now ACFR: Annual Comprehensive Financial Report) preparation and auditing are rebid every 3-5 years by most government entities. Monitor procurement portals for audit services RFPs during Q1 and Q2 of the government fiscal year.
- ✓Government pension fund consulting (actuarial, investment advisory) is a specialized niche with high barriers to entry but long contract terms. Build credentials through GFOA (Government Finance Officers Association) and the Pension section of the American Academy of Actuaries.
Financial & Audit Services RFP FAQ
What is the Single Audit Act and how does it create contracting opportunities?
The Single Audit Act (31 U.S.C. §§ 7501-7507) and 2 CFR Part 200 require any non-federal entity spending $750,000 or more in federal awards to have a single audit conducted by an independent CPA firm. This affects thousands of state/local governments, school districts, and nonprofits annually, creating a large recurring market for audit firms.
What qualifications do firms need for government audit contracts?
Firms must meet Government Auditing Standards (the Yellow Book, published by GAO). Partners and staff must complete continuing education in governmental auditing. CPA licensure is required. Many states also require peer review under AICPA standards. For federal work, firms should be registered in SAM.gov.
How are government audit contracts typically structured?
Most government audit contracts are awarded for 3-5 years with annual renewals. They are typically fixed-price for the base audit, with optional add-on services for compliance testing, internal control assessments, and management advisory services. Contracts are usually rebid at the end of the term, and rotation policies in some jurisdictions require changing auditors periodically.
What is ACFR preparation and who procures it?
The Annual Comprehensive Financial Report (ACFR, formerly CAFR) is a set of government financial statements meeting GASB standards. State and local governments, school districts, and special districts either prepare ACFRs in-house or contract with CPA firms. GFOA's Certificate of Achievement in Financial Reporting program sets the gold standard.
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