Targeted Financial Review and Investigation Services

The Vendor is required to provide professional services in support of a targeted financial review and investigation, as well as an assessment of internal controls.
1. Targeted financial review and investigation
•    Conduct a focused review of financial transactions, processes, and related activities, with initial areas of focus identified by the administration. 
•    Plan and perform procedures in accordance with professional standards appropriate to investigative or forensic engagements, as required. 
•    Assess compliance with internal policies, applicable standards, and relevant regulatory or contractual obligations. 
•    Identify, document, and evaluate any irregularities, anomalies, or areas of concern. 
•    Perform additional procedures, including expansion of scope where warranted, to corroborate findings and obtain sufficient and appropriate supporting evidence. 
•    Maintain appropriate documentation of work performed, ensuring findings are supported by clear and defensible evidence.
2. Internal control assessment
•    Evaluate the design and operational effectiveness of key internal controls over financial and related operational processes. 
•    Assess areas including, but not limited to: segregation of duties, approval authorities, financial reporting processes, and system-based controls where applicable. 
•    Identify control gaps, weaknesses, or areas of elevated risk. 
•    Provide practical, risk-informed recommendations to strengthen internal controls and improve governance and oversight.
3. Recommendations and reporting
•    Provide a clear and structured report outlining observations, key findings, and recommendations arising from both the investigation and internal control assessment. 
•    Ensure that findings are supported by appropriate evidence and clearly distinguish between confirmed findings, observations, and areas requiring further consideration. 
•    Where appropriate, identify potential implications for risk, compliance, or governance.
4. Confidentiality
•    Required to maintain strict confidentiality with respect to all information obtained during the course of the engagement and to adhere to all applicable professional, ethical, and legal standards.