Internal Audit Support Services

Tender description

EirGrid has a Head of Internal Audit & Compliance whose role includes the preparation of the annual Internal Audit Plan, the management of Internal Audits and the provision of independent assurance to the Board via the Audit Committee on the operations of the systems of internal control, governance and risk management. EirGrid are seeking to secure support for the Head of Internal Audit & Compliance to undertake Internal Audits under his direction, to prepare Draft Internal Audit Reports, provide advice on Internal Audit related matters and to support assurance related activities within EirGrid. The Scope of Requirements is expected to include, but is not limited to Internal Audit Support Services to include: • Basic Internal Audit assurance (substantive testing of identified controls) - 50 days • Specific business area Internal Audits (may require Subject Matter Expert guidance) - 100 days • Complex assurance reviews (requiring input from Subject Matter Experts) - 40 days It is anticipated that the above approximate days shall be required per annum. This is an indicative level of resource requirement and should not be solely relied upon as to the number of contract days as these will vary year to year. Examples of Subject Matter Expert areas include IS, Regulatory, Economics, Capital Projects, HR, Organisational Culture and Forensics, Energy Markets. The Internal Audit activity must demonstrably conform to the guidance issued in the Code of Practice for the Governance of State Bodies and the standards set by the Institute of Internal Auditors.