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 giv

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.