Independent Audit Services and Form 990 Preparation RFP 2025 – Questions and Answers

  • Is your current audit firm invited to submit a quote? Yes.
  • How many audit adjustments were made last year and to what did they relate? None.
  • Can you disclose the previous year’s audit fee? Information is not being disclosed.
  • Was a Management Letter issued for the most recent audit and if so can a copy of that be provided? None issued.
  • How long (and how many) were the auditors in your offices last year (as best you can remember) – if they were on site? Information is not being disclosed.
  • Were there any problems or disagreements with the prior auditors? No.
  • Who drafts the financial statements and notes? Current auditor.
  • Have there been any significant operational changes since the prior year’s audit? No.
  • Has there been any material fraud noted over the past 5 years? No.
  • Are there any contingencies or legal issues that could have an impact on future financials? No.
  • We would like to clarify your preference for how the audit is conducted. Do you prefer an audit that is fully on site, hybrid approach of on site and remote, or fully remote? Fully on site.
  • Does your incumbent audit firm provide any other assistance in addition to the audit and 990 filing? No.
  • What is your preferred timing for the audit for fieldwork and for completion of the reports? Information is provided in RFP.