What qualifications must an audit firm meet to be considered for auditing ISEP administration?

§ 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.