About to embark on your first audit, or ready to “re-bid” your audit services? Download a sample request-for-proposals (RFP) letter template for distribution to audit firms here in PDF format or in Microsoft Word format.
This guide is a compilation of tools and templates designed to provide guidance throughout the process of selecting an auditor for your nonprofit organization. These tools and templates should be used as guidelines and can be modified to meet your specific needs. Included in this guide are the following:
- Planning and Internal Preparation includes important overall considerations for the auditor selection process. These initial steps can help clarify and prioritize the audit needs of the organization, as well as provide structure for the overall selection process.
- Auditor Request for Proposals (RFP) Template can be used to solicit proposals from identified audit firms. The template can be modified if necessary to meet the specific needs of the organization.
- Auditor Interview Guide provides sample questions for an in-person interview with representatives of applicant firms. The guide includes questions that expand on those covered by the request for proposal. Organizations can modify these questions to cover any areas of particular interest or areas that may not have been clear from the firms’ responses in the written proposal.
- Applicant Assessment Guide provides sample criteria from which to evaluate and rank applicant firms. We recommend that during the final assessment process a member of your selection committee also contact references identified by applicant firms.