Micro-Procurement Process Assessment Services

Description

The Nashville Metropolitan Transit Authority, Regional Transportation Authority of Middle Tennessee and the Davidson Transit Organization, Inc. (all d/b/a WeGo Public Transit) seek to award a contract to a qualified auditing firm to perform a comprehensive performance assessment of the Agency’s micro-procurement process.This engagement is intended to be a performance assessment performed in accordance with the AICPA Consulting Services Standards, an advisory service in which the CPA firm evaluates processes, internal controls, and compliance risks and provides recommendations for improvement.The objective is to identify process gaps, vulnerabilities, fraud drivers, assess internal controls, and evaluate compliance from initiation to payment, as well as to review how responsibilities are currently distributed across all relevant departments and workflows to determine whether processes are operating at maximum efficiency, are well coordinated, communication is occurring and are fully aligned with applicable regulations and agency policy.The review will address both the design and the operation of controls, assessing whether procurement and financial processes are properly structured to meet Federal Transit Administration (FTA), Uniform Guidance, state, and local requirements and whether those controls are functioning effectively in practice, so that the consultant can identify gaps and recommend improvements.The review will examine how current processes protect the agency from unintended financial and operational risks that can emerge over time, ensuring procurement practices remain both compliant and strategically sound. For context, the approximate annual spend under the agency’s micro-procurement process is $2.5 Million.