Internal Audit

Concepts

• internal audit
• coleraine
• ulster university
• internal audit services
• internal auditors
• scope of internal audit work
• internal controls
• audit strategy
• audit risk
• issue of internal audit

Location

Northern Ireland: Belfast, Coleraine and Magee campuses

Description

Internal audit services for Ulster University

Total Quantity or Scope

Internal audit services with the successful provider will assist the University in ensuring a robust governance environment through a systematic, disciplined and balanced approach to the evaluation of the effective-ness of the financial and internal controls, risk management and other governance processes, recognising that these should be proportionate to the scale and nature of the University’s busi-ness. The scope of internal audit work extends to all of the University’s activities, including those relating to the University’s wholly-owned subsidiary Innovation Ulster Ltd and any new entities that may be formed over the period of the contract. The scope will include: (a) Financial Systems Reviews (b) Operation Systems and Processes Reviews (c) Subsidiary Company and Discrete Activities Reviews (d) Computer/IT Assurance Reviews (e) Faculty Reviews (f) Value for Money Reviews (g) Governance & Risk Assurance Reviews (h) Data Returns and data quality Reviews (i) Contract Management Internal Auditors will also be required to set out in detail how they assess audit risk and explain their proposed approach to the preparation, review and issue of Internal Audit reports. Proce-dures for following up recommendations made should be specified and should comply with the Committee of University Chairs (CUC) Audit Committees Code of Practice, and any revisions thereof. Internal auditors will be required to develop audit strategy and related annual plans in addition to attending audit and risk committee meetings of which there are up to 5 each year, alongside monthly contract management meetings. Internal auditors will be expected to provide an experienced team to deliver the audit strategy and related plans accessing and using specialist expertise as and when necessary. Additional information: This call-off contract was awarded following further competition as provided for under the Crown Commercial Services (CCS) framework agreement for Audit & Assurances RM6188 framework - Lot 1 Internal Audit

Award Detail

Renewal Options

The contract will be for three (3) years initially, with an option to extend for any periods up to and including twenty-four (24) months.

Award Criteria

CPV Codes

• 79212200 - Internal audit services

Indicators

• Options are available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** It is anticipated the contract will commence on 1 August 2022.