Provision of internal audit services

Concepts

• internal audit
• stirling
• internal control system
• internal control systems
• internal audit services
• annual audit assurance
• the internal audit team
• the internal audit function
• internal and external wics regulations
• an annual audit report

Location

Description

The provision of internal audit services to a small, non-departmental public body

Total Quantity or Scope

The internal audit function will be required to (i) analyse the governance, risk management and internal control system and establish a risk-based assurance programme; (ii) identify and evaluate the controls which are established to achieve objectives in the most economical, effective and efficient manner; (iii) report findings and conclusions and, where appropriate, make recommendations for improvement; (iv) provide an opinion on the controls under review; and (v) provide assurance based on evaluating the governance, risk management and internal control system within the organisation as a whole. For each year from 1 April to 31 March the following year, the internal audit team will be responsible for proposing a programme of work and submitting it for approval to the ARC that focuses on areas of specific business risk that WICS faces regularly. This focus will include compliance with internal and external WICS regulations, particularly in line with the Scottish Public Finance Manual (SPFM). Annual audit assurance is provided to the Accountable Officer through the professional opinion of the Head of Internal Audit (or equivalent) on the adequacy and effectiveness of the organisation's governance, risk management, and internal control systems. The internal audit team will be expected to attend ARC meetings, where they will present an annual work plan for approval, the scope and findings of work conducted by the internal audit team and an annual audit report and opinion. The Head of the Internal Audit team should be available to the Chair of the ARC to discuss any matters of concern.

Renewal Options

Subject to Scottish Government approval, the contract may be extended by three periods of one year.

CPV Codes

• 79212200 - Internal audit services

Indicators

• This is a one-off contract (no recurrence)
• Renewals are available.
• Professional qualifications are sought.
• Staff qualifications are relevant.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** NOTE: To register your interest in this notice and obtain any additional information please visit the Public Contracts Scotland Web Site at https://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=775369. The buyer has indicated that it will accept electronic responses to this notice via the Postbox facility. A user guide is available at https://www.publiccontractsscotland.gov.uk/sitehelp/help_guides.aspx. Suppliers are advised to allow adequate time for uploading documents and to dispatch the electronic response well in advance of the closing time to avoid any last minute problems. (SC Ref:775369) Download the ESPD document here: https://www.publiccontractsscotland.gov.uk/ESPD/ESPD_Download.aspx?id=775369