QnA_Final.docx

RFI-HUDOIG-18-0001 Q&As The Government has received the following questions:

1. Does the cover and back page count as part of the 20-page limit?

Response: Yes both cover and back page are included in the 20 page limit count.

2. Is there an official form or specific format for the response?

Response: There is no particular format for responses

3. Can the response include other areas or should it only include the four listed capabilities (financial audit, IT audit, GAAP Accounting/advisory and Actuarial/statistical data analytics)?

Response: The response should include information pertaining to the solicitation.

4. Is there an incumbent contract fulfilling the services for the solicitation or this a new requirement?

Response: This is a new requirement

5. Does this align with a plan number in the HUD FY2018 Forecast?

Response: There is no relationship to the FY2018 Forecast

6. If a firm does not reply to this Sources Sought/RFI for HUD Financial Audit Assistance, IT Audits, GAAP Accounting Advisory/Consulting Support, and Actuarial/Statistical and Data Analytics, will they still be able to bid on the RFP when it comes out?

Response: Yes, firms not participating in this RFI can still respond to a future RFP, should one be posted. This RFI is for informational purposes only.

7. How will firms know if the Government proceeds with an RFP?

Response: Firms should continue to check the Government-wide Point of Entry (GPE) or GSA Ebuy for future RFP posts.

8. Can CPA firms without physical presence in the Washington, D.C. metropolitan area realistically participate in this endeavor?

Response: Yes

9. Would the Government consider remote provision of advisory/consulting support for GAAP Accounting Advisory/Consulting Support? Or does it have to be done onsite?

Response: The GAAP consulting support can be done remotely. However, the Government expects the contractor to have the flexibility to be onsite if needed (e.g. face-to-face meetings).

10. Would the Government consider if small CPA firms form a team or a joint venture in order to participate?

11. Response: Yes, the Government encourages small CPA firms to partner with other firms as long as the CPA firm has some of the required expertise needed to satisfy the requirement in the contract.

Financial Audit Assistance

12. Would the Government provide the audit programs to the chosen contractor?

Response: For certain audit segments where the audit program is stable, yes, the Government will provide the audit program for execution. However, for other segments where it requires revisions or updates, the contractor should assist in the development of the audit program.

13. Does the Government have best estimates of the number of hours required to do the scope of work contemplated?

Response: In the FY 2019 audit cycle, the Government would expect a surge in staff to work full-time during the execution phase, from May to October. Estimated hours per staff is 960 (160 hours/month * 6 months)

14. What years/periods are to be covered?

Response: The entire fiscal year. For example, in FY 2019, The Government’s audit scope will be from 10/1/18 to 9/30/19

15. What is the Government’s time frame for the deliverables?

Response: Deliverable time frame varies depending on the complexity and the Government’s internal audit timeline. The Government will work with the contractor to make sure that the deliverable time is doable and realistic.

16. Will the chosen contractor issue its own audit reports or will the Government take ownership of the contractor’s work upon review?

Response: The Government will issue the audit report and will take full responsibility of the audit work performed by the contractor

GAAP Accounting Advisory/Consulting Support Services

17. What would be the typical deliverables under this service category? Accounting and audit memos?

Response: The typical deliverable would be an analysis memo/report, which would generally contain an executive summary, details of analysis and conclusion. The format and content can be mutually agreed upon by the Government and contractor.

18. Would the Government consider previous audit experience as a similar experience for this service category?

Response: Yes. The FASB GAAP expertise needed for this contract should be demonstrated from the experience gained from that audit.

19. Does the Government have best estimates of the number of hours required to do the scope of work contemplated?

Response: The Government’s estimate is 1,700 hours for the SME.

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