audit-services-redacted (411)

Other RFP/RFI Elements
Vendor Qualification
Did you ask for?
1. Proposed fee structure for each of the three
years's proposal period including whatever
guarantees can be given regarding increases in the
future years, and the maximum fee that would be
charged.
2. Proposed fee structure should be itemized to
reflect services by staff member and by hours,
including professional fees and any other out-ofpocket
expenses. Hourly rates by level of
professional should also be requested as well.
(Included in your Schedule A Staffing and Fee
Outline Addendum of the RFP)
3. Describe the billing rates and procedures for
technical questions that may come up during the
year, or whether these occasional services are
covered in the proposed fee structure outlined in the
proposal.
4. Detail the description of whether and how you bill
for overruns. Ask for details on how your
organization can avoid or reduce any overruns and
how you can be assured of no 'surprise' billings.
Are expenses included in the fee structure.
- A proposed timeline for the fieldwork and final
reporting.
- Evidence of the auditing firm's qualifications
and ability to provide the services and
deliverables.
- Background and experience in auditing other
nonprofit or not-for-profit organizations.
- The size and organizational structure of the
auditor's firm.
- Statement of the firm's understanding of the
work to be performed.
- A copy of the firms most recent peer review
report, and the related letter of comments, and
the firm's response to firm's response to the letter
of comments.
- References and contact information from at
least 3 comparable nonprofit or not-for-profit
audit clients.
5. Describe the firm's audit approach, including
review of internal controls.
6. Describe how the firm will obtain a basic
understanding of The Metropolitan Museum of Art's
operations, and activities for planning the audit.
7. Describe the procedures utilized to monitor the
progress of the work for periodic evaluation and
communication to management of The Metropolitan
Museum of Art's so that problems can be resolved.
8. Names of the partner, audit manager, and other
applicable field staff members who will be assigned
to the audit, and have them provide bio's on each
team member.
Financial Strength (20%) Overal Costs & Price Guarantee (40%)
Ability to Meet Require.. (20%) Demonstrated Competence (10%)
Quality Certs and Exp. (5%) Coverage Zone (2.50%)
Organizational Background (2.50%)
Disclosure: This report was not produced by a CPA
and does not intend to offer any professional or
legal advice surrounding audit services.
The evaluation criteria was derived from the RFP
presented by The Metropolitan Museum of Art.
Suggested weighted scores were included.
Source:
Gordon Horner LLC - Implement Your Ideas. Faster. ®
1708 Camino de la Costa | Redondo Beach, California 90277
Need help? Please contact our office.
(310) 870-3746 phone
www.gordonhorner.com
heidy.chavez@gordonhorner.com