the considerstions about weather or not to attend the tender:

1. the cost to prepare the tender document, by which way the tender is performed

2. the fair of the fees need to charge to the suervice provide

3. if we are able to provide the promosion 

infomation required:

1.know your clients

2.waht your clients want

make the tender document

amount and base of fee

requirement of an audit and other services the clien want

selling point of an audit firm

advertise should be inform, not inpress

1. the cost and time exhust to prepare the tender documents

2. the fair and realistic fee

3, the possibility of fail to deliver the promise services

information needed to prepare a tender:

1. information about the clients

2. what the clients want

3.competitors

contents of a tender document:

1. amount abd base of fee

2. requirements of an audit, and other service provided 

3. selling points

auditor selection sonsideration:

1. independence

2. scepticism

3. quality control

implication of low balling:

1. self interest

2. cut concern

3. higher chance to issue inappropriate opinion

banned contingent fees, which is dependent on outcomes, which influence independence of the auditor

process of acceptence:

1. professional clearance    outgoingauditor to find more about the reason they leave

2. own independence review

3. integraty of managemnt

4. complaince with money laudering regulation

5. level resources needed

6. risk analysis

7. your fee

8. your competency

9. pre conditions: report framework , management responsibilities(1. prepare the statement, have suitabe internal control, provide infor and explaination to audit), ways to communication 

outgoing auditor       incoming auditor