Internal audit services

Tender description

Internal Audit services. Internal Audit services in accordance with the organisation's Audit Policy ensuring effectiveness of its internal control and management systems. Internal Auditors will include: Preparing the Audit Strategy and Plan for approval by the Audit Committee; Identification and evaluation of key controls, including risk, review and monitoring arrangements; Reporting to Management on findings, and attending meetings of Audit Committee and 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 and other competencies to perform the service in line with the organisation's legal and regulatory requirements and in accordance with International Standards for the Professional Practice of Internal Audit issued by the Chartered Institute of Internal Auditors (IIA).