-
Receive
notice from the Chief Inspector Division that
you are to procure a CPA to perform your audit.
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Appoint
your audit procurement committee.
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Determine
whether you need a Single Audit, Financial and
Compliance Audit, or a Review. See Section 2.14
on page 35 of the bid manual.
-
Complete
the Request for Proposal (RFP).
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Call
and/or submit your completed RFP to at least
three (3) CPA firms who will provide you with a
written response. A response could even be "no
bid".
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Receive
CPA written audit proposals.
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The audit
procurement committee must assign weighted
values (maximum allowable points) to each item
on the score sheet in accordance with the score
sheet instructions.
-
Score each
proposal on the individual score sheet and
transfer each section’s total points to the
Audit Proposal Score Sheet Summary.
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The
proposal receiving the highest total points is
to be awarded the contract.
-
Complete
and sign the audit contract. Have the CPA sign
the contract.
-
The entity
should then submit the following documents to
the Chief Inspector Division for review and the
final appointing signature:
-
A copy
of the individual score sheet for each
proposal received.
-
A copy
of the Audit Proposal Score Sheet Summary.
-
A copy
of the Bid Summary and Certification Form
from each CPA proposal.
-
The
original audit contract signed by both the
entity and the CPA firm.