Is there a preferred timeframe for audit fieldwork?
The timeframes are set forth in sections 5.3.2 and 5.3.3 of the RFP. See the response to #3 above. 5. Reading the meeting minutes of prior board minutes, we did not note the attendance of the current auditors. Based on our interpretation of the standards for communication with those charged with governance, we would typically meeting with the audit committee 2 times (depending on the nature of the matters to be discussed). Would this cause a problem if we were selected? A conference calls for the required communication during planning would be acceptable. Meeting requirements are set forth at sections 5.3.2 and 5.3.3. The selected auditor is expected to meet at least twice with respect to each audit. A meeting prior to commencement and at the end of the audit is required for the administrative audit by Executive Order 122. Two meetings are also required for the loss audit. The RFP requires the auditor to have greater availability as necessary to address issues; however, meetings need n
