Audit Tender

Question 1

Consider before tender?

Answer 1

1. Resources
2. Competences
3. Independence
4. Risks
5. Specialist skills
6. Profitability
   7.

Question 2

Contents of Tender

Answer 2

1. Fee & how calculated
2. Proposed audit partner & key members of team
3. Capacity of audit partner - sufficient time for audit
4. Relevant experiance of industy & type
5. Proposed approach, use of tech & data analytics
6. Track record
7. Independence & challenging mgmt
8. Nature, purpose and legal requirements of audit
9. How meet client requirement & other services.