Section 39.410 - What qualifications must an audit firm meet to be considered for auditing ISEP administration?To be considered for auditing ISEP administration under this subpart, an independent audit firm must:
(a) Be a licensed Certified Public Accountant Firm that meets all requirements for conducting audits under the Federal Single Audit Act;(b) Not be under investigation or sanction for violation of professional audit standards or ethics;(c) Certify that it has conducted a conflict of interests check and that no conflict exists; and(d) Be selected through a competitive bidding process.