The AICPA Employee Benefit Plan Audit Quality Center has prepared this document to assist plan sponsors and other stakeholders in the proposal and evaluation process to obtain quality audit services for employee benefit plans. This tool addresses each step of the proposal and evaluation process. It describes the Request for Proposal (RFP) contents and contains a checklist of items that should be considered in preparing an RFP.
It also discusses the proposal evaluation and auditor selection process, and provides information about how to find an auditor. As a generic model, it should be used for reference purposes only.
For more information about the AICPA Employee Benefit Plan Audit Quality Center and employee benefit plan audits, visit the Center’s website at http://www.aicpa.org/ebpaqc.