Audit RFP Process

This is an outline of the steps to conduct an Audit RFP:

Audit services RFP process

Prepare Request for Proposals (RFP)

  • Staff to prepare RFP document
  • Document reviewed by Audit Committee or board designee
  • Decide if the current auditor will be given an opportunity to bid
  • Assign a PoC for taking inquiries from auditors during RFP process and/or determine if inquiries will be accepted during RFP period
  • Determine if proposals will be reviewed by staff with a recommendation to the committee or if the board members will review proposals first

Develop a list of audit firms to send RFP to

  • Auditors known to board members
  • Auditors known to staff
  • Auditors known to Advisors For Change

Distribute RFP to list of potential audit firmsī‚ˇSend as PDF attachment by email

  • Send at least 2 weeks prior to due date
  • Communication to current auditor re: RFP plan and their ability to bid

Review submitted proposals

  • Proposals reviewed based on the process developed by Audit Committee or board designee
  • Selection of auditor by Audit Committee or board designee
  • Notify auditor who was selected
  • Notify applicants who are not selected