Audit tender
An audit tender is a process in which an audit firm proposes to perform an engagement, typically explaining its approach, team, timetable and proposed fees. Before accepting an appointment, the firm considers quality, competence, independence, preconditions and applicable professional requirements.
Worked example
A company invites firms to submit audit proposals; a bidder evaluates resources and independence before offering a fee.
Common mistake
Winning a tender does not by itself establish that the firm may ethically accept or can perform the work competently.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AAA (INT) | Supporting | September 2026–June 2027 |