Internal Audit Services

The Vendor is required to provide a centralized internal audit function for the government.
- Provide deputy ministers with independent advice on the effectiveness of government programs and operations, alignment of programs to mandate and resiliency and readiness to manage external risk and environmental factors.
- Assurance engagements focus on the adequacy or effectiveness of practices and include operational audits (effectiveness and efficiency of operations), assessments of internal and financial controls, investigative assignments and compliance audits.
- Key stakeholders are:
•    The chief internal auditor;
•    Internal audit committee;
•    Deputy ministers of departments; and
•    Executive management of departments or provincial public agencies where services are undertaken.
- The audit team can then determine if future sprints require adjustment based on the outcome of previous sprints.
- Services may include:
•    Audit project planning including - environmental scans, review of relevant standards risk review, risk prioritization, audit criteria development, interviews with leadership or subject matter experts; 
•    Advisory and value-added services to support goa internal audit operations; 
•    Preparation of audit plan, stakeholder engagement plan, project plan, status reporting; 
•    Develop audit worksheets identifying audit objectives, risks, expected controls, and evaluation criteria; 
•    Development of audit procedures interview questions or evidence required; 
•    Carry out necessary interviews, review evidence and evaluate against audit criteria or expected controls; 
•    Review and audit financial statements; 
•    Carry out investigations necessary to determine if fraud or another policy violation occurred; 
•    Prepare audit fact clearance report and review with relevant stakeholders; 
•    Prepare and provide quality assurance review on audit reports with observations and recommendations and review with relevant stakeholders or leadership; 
•    Providing audit reports on compliance with department agreements or legislation under third party agreements; 
•    Providing audit reports on alignment or performance of a public agency or organization receiving government funding with department mandate or legislation; 
•    Evaluate goa internal audit processes and procedures; 
•    Research and develop options for mitigating risks including develop templates, guidelines, checklists or procedures to enable departments to implement mitigation for issues surfaced through audits; and 
•    Prepare training materials on mitigation controls.

- Contract Period/Term: 3 years