Q A FinancialAudit01.FY11.docx

Financial Audit01-FY11 Questions and Answers

1. Is travel allowed in the cost proposal?

a. Include all cost for the completion of the project.

2. We noticed that the modification was adding both of you to the POC. Is this a correct statement?

a. Yes, additionally it was to remove the 8(a) set-aside

3. Who is the incumbent for this work?

a. N/A

4. Where will the work be performed?

a. All work is to be performed at the National Mediation Board

5. Is this an 8(a) set aside

a. No

6. On Page 4 of the statement of work, paragraph C states that the contractor must “be able to present the final audit report no later than November 4, 2011. Yet, on the same page under paragraph E, it states that the Contractor must “prepare and submit required final audit reports on or no later than October 13.” Which date is correct?

a. The paragraph C should read, “and all other necessary steps are taken to make it possible for the audit firm to perform the work necessary for NMB to be able to present the final annual report no later than November 4, 2011.

7. Give that the ending balances on the financial statements are not available until September 30 or October 1 and the audit of the “as of balance” will to take place after this, is October 6 (four working days after year-end) a realistic date for the draft audit report to be due.

a. Yes

8. Have the requirements of this RFQ been performed by another contractor?

a. Yes

9. If so, who is the incumbent, what was the contract amount, how many hours by labor category was the contract, and how long have they been performing the work?

a. N/A

10. On page 2 of the Statement of Work in Section C, “Payment” it states, “40 percent on the date of the draft report and 60 percent on the date that the NMB approves the final report.” Would the NMB consider the following or a similar alternative payment schedule?

Overall Planning 10% Completion of Interim Field Work 20% Draft Reports 40% Final Reports 30%

a. No

11. What was the actual amount paid for last year’s audit?

a. N/A

12. What is the budgeted amount for this year’s audit

a. N/A

13. Who are your current auditors?

a. N/A

14. How long have you been working with the current auditors?

a. N/A

15. What is the fiscal year end date?

a. September 30

16. Please provide us with a copy of last year’s audit report.

a. On our website www.nmb.gov

17. Must the audit be completed on site?

a. Yes

18. How is this RFP to be submitted? How many copies are required if not being electronically submitted?

a. Submit electronically