Internal audit services

Tender description

As the procurement documents: Internal Audit services in accordance with the organisation's Audit Policy ensuring effectiveness of its internal control & management systems. Internal Auditors will include: Preparing the Audit Strategy & Plan for approval by the Audit Committee; Identification & evaluation of key controls, including risk, review & monitoring arrangements; Reporting to Management on findings, & attending meetings of Audit Committee & the Board where requested; Reporting ways to improve VFM (e.g. benchmarking WDH's processes or performance against best practice); Liaising with the External Auditor to ensure the Internal Audit work complements that of the Statutory Audit. They must possess knowledge, skills & other competencies to perform the service in line with the organisation's legal and regulatory requirements & in accordance with International Standards for the Professional Practice of Internal Audit issued by the Chartered Institute of Internal Auditors (IIA). Internal audit services as per the procurement documents. The Internal Audit arrangements must comply with regulatory requirements and in accordance with International Standards for the Professional Practice of Internal Audit issued by the Chartered Institute of Internal Auditors (IIA). The Internal Auditor will independently examine, evaluate and report upon the effectiveness of the internal controls (financial, operational, compliance and risk management) to ensure that they are both efficient and effective and that they remain so in light of changing circumstances WDH considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement, and the contract will be awarded on the basis of the most economically advantageous tender.