The Vendor is required to provide internal audit co-sourcing services for the office of audit and compliance of university.
- Requirements
• Internal Auditing in Higher Education: Familiarity with governance structures, compliance frameworks (e.g., acts, federal grant compliance), and academic operational processes.
• Information Technology Auditing: Expertise in cybersecurity, data privacy, ERP systems, and IT general controls.
• Research Compliance Auditing: Knowledge of grant management sponsored research regulations, and export control requirements.
• Fraud Investigations: Ability to conduct forensic audits, identify fraud indicators, and apply investigative methodologies.
• Provide documented certifications and evidence of prior engagements in similar environments.
- Tools and Capabilities for Internal Auditing
• Data analytics platforms are capable of handling large datasets securely.
• Secure communication channels for information exchange.
• Tools must be compatible with university existing systems and comply with institutional IT security standards.
- Resourcing Responsiveness and Flexibility
• Rapid deployment of qualified personnel within agreed timelines.
• Scalable resourcing to accommodate fluctuating audit demands.
• Flexible scheduling to align with university operational cycles and urgent requests.
- AI and Data Analytics Capabilities
• Full-Population Data Analysis:
o Ability to analyze entire datasets (not just samples) for anomaly detection and risk indicators.
• Automation of Audit Procedures:
o Automated control testing, compliance checks, and repetitive audit tasks.
• ERP and Data System Integration:
o Able to perform data analytics potentially with AI capabilities against the whole population of data within a system. The co-source provider should have the capability to review large sets of data and come to conclusions.
o Please note that this does not require the contractor to integrate any of their systems into ours. The contractor will be provided access to full populations of data in county systems to perform analytics or AI capabilities.
• Visualization and Reporting Tools:
o Interactive dashboards for real-time audit insights, trend analysis, and executive reporting.
- Contract Period/Term: 3 years
- Questions/Inquires Deadline: January 12, 2026
