Question: What is a request for proposal Is a formal RFP
What is a request for proposal? Is a formal RFP always used? What information is included in an RFP?
Answer to relevant QuestionsWhat would cause a CPA firm to immediately rule out proposing on a company’s audit, in terms of independence?What are the concerns regarding an obscure or a very complex organizational structure?What is the purpose of evidence collected during an ICFR audit?Why might some audit procedures need to be performed exactly at the end of the fiscal year?What are indicators of the competence of others performing work that is used by the auditor?
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