Internal audit services

Tender description

Internal audit services. The University of South Wales is seeking to appoint internal auditors for up to a maximum of 5 years (3 years in the first instance with the option of up to 2 x 1 year extension) with effect from 1.8.2018. The University requires the successful service provider to deliver an internal audit service including the development, implementation and review of an internal audit programme throughout the contract term. The internal audit programme will be developed in conjunction with the University’s management team and approved by the University’s Audit Committee. The successful service provider may also be required to carry out value for money studies, and facilitate the yearly review of effectiveness of the Audit Committee. The availability of competent internal audit services forms an obvious and key requirement for universities. The University of South Wales is seeking to appoint internal auditors for up to a maximum of 5 years (3 years in the first instance with the option of 2 x 1 year extension) with effect from 1.8.2018. The appointment would be subject to the continued satisfactory performance by the successful service provider. The University requires the successful service provider to deliver an internal audit service including the development, implementation and review of an internal audit programme throughout the contract term. The internal audit programme will be developed in conjunction with the University’s management team and approved by the University’s Audit Committee. The successful service provider may also be required to carry out value for money studies, and facilitate the yearly review of effectiveness of the Audit Committee. With regard to the requirement of continued satisfactory performance by the successful service provider, the University’s Audit Committee will consider an annual review of its internal auditors which will be based on performance criteria established within the Public Sector Internal Audit Standards (2013) published by the Higher Education Funding Council For Wales (HEFCW): — managing the internal audit activity, — nature of work, — engagement Planning, — performing the engagement, — communicating Results, — monitoring progress, — communicating the Acceptance of Risks.