This sample request for proposal (RFP) is designed for a financial institution seeking a service provider to conduct an evaluation of its internal audit approach and coverage of its regulated subsidiaries. It covers questions/clarifications, purpose, scope, project deliverables, evaluation criteria, company background, and more.

This document can be used as a general guide to understand the structure and strategy for a financial institution quality assessment review (QAR) RFP. Organizations should continuously update and monitor the processes included in this document to ensure that it reflects business operations.