Internal Audit Services

Tender description

Social Care Wales requires a Service Provider to provide an internal audit service, and ensure the service is carried out in accordance with Public Sector Internal Audit Standards and the Core Principles for the Professional Practice of Internal Auditing. The Standards (including the Definition of Internal Auditing and the Code of Ethics within the Standards) are mandatory requirements. The Standards require internal audit to provide an internal audit charter (the Charter) to Social Care Wales’ Audit and Risk Committee. The purpose of the Internal Audit is to provide the Accounting Officer with an independent, objective evaluation of, and opinion on, the overall adequacy and effectiveness of the organisation's framework of governance, risk management and control. The audit provides 3rd level assurance to assist Social Care Wales to accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. The internal audit service provided by the successful Service Provider will be responsible for providing assurance to Social Care Wales’ Audit and Risk Committee and reporting to management on the adequacy and effectiveness of: — Governance, risk management and control; and Social Care Wales’ economy, efficiency, and effectiveness (value for money arrangements). The scope of the internal audit service must include all of the organisations’ activities.