§ 39.410 - What qualifications must an audit firm meet to be considered for auditing ISEP administration?

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To be considered for auditing ISEP administration under this subpart, an independent audit firm must:

Be a licensed Certified Public Accountant Firm that meets all requirements for conducting audits under the Federal Single Audit Act;

Not be under investigation or sanction for violation of professional audit standards or ethics;

Certify that it has conducted a conflict of interests check and that no conflict exists; and

Be selected through a competitive bidding process.