A New Audit Contractor
Charmain Alston
Professor Traci Wilmoth
ENG 315: Professional Communications
May 8, 2016

Problem Statement
At the end of the 2016, we must complete and provide an auditor’s report to the National Federal Financial Review Board (NFFRB), just as we do every year. However, our current audit contactor has decided to discontinue its services to our company. This proposes a huge problem because without a detailed and thorough auditing service and financial report, we run the risk of failing Federal Government accountability guidelines and required financial transparency. We must decide how we will proceed with meeting our fiscal financial requirements.

Overview of Alternatives
Alternative A – Start a government-wide bidding process to solicit audit service vendor proposals from a list of reputable auditor contractors.
Alternative B – Choose to request an extension from NFFRB to the deadline date to allow our organization the time to research and procure an appropriate auditor contact, and prepare the agency-wide documents, supporting documentation and consideration of costs.

Criteria
Per the Agency’s policy requirements, the following criteria must be considered: 1. We must choose from competitive, and highly recommended options/sources. Details of researched sources must be included in report. 2. The audit contractor must agree to a 5-year contract. This is very important, and will prove to be cost effective and ensure that we have appropriate accountability through 2021. We must be prepared for a possible compromise on an escalating cost scale. 3. The services provided must be cost efficient. A thorough cost comparison of competitive contractors is mandatory. This will also include performing a financial comparison on the cost(s) incurred if the decisions were agreed to seek and extension. 4. The