A municipal village or a nonprofit organization solicits bids for the annual audit from local audit firms, and the firm with the lowest bid is selected.
Answer the following questions regarding the given scenario:
Is this the most prudent choice of auditor for the organization?
What should the managers take into consideration when attempting to identify a suitable audit firm?
Discuss whether or not the lowest bid is always the best option.
Use APA style in the body of your posting as well as in the reference section