Objectives

The primary objective of this tender is to appoint a qualified service provider to deliver internal audit services to the KwaZulu-Natal Tourism and Film Authority over a period of three years (36 months). The service aims to establish a comprehensive internal audit function that supports risk management, compliance, financial integrity, and operational efficiency within the Authority.

Scope

The scope of work includes:

• Developing a rolling three-year strategic internal audit plan based on risk assessments.
• Preparing annual internal audit plans aligned with the strategic plan.
• Designing audit scopes for each planned audit.
• Conducting audits across various operational areas including:
• Supply Chain Management (SCM) audits, irregular expenditure reviews, and probity audits.
• Financial statement reviews (interim and annual).
• Asset management audits.
• Performance information audits (interim and annual).
• Risk management assessments.
• Human resources management audits.
• Revenue and grants management reviews.
• Infrastructure projects evaluations.
• Expenditure controls.
• Information and Communications Technology (ICT) audits.
• Follow-up reviews on previous audits.
• Attending and presenting at quarterly Audit and Risk Committee meetings.
• Providing reports on audit findings, performance, and compliance.
• Ensuring independence, competence, and adherence to professional standards (IRBA, IIA).

Technical Requirements

The technical requirements for the tender include:

• Provision of a qualified team comprising an Audit Manager (CA(SA)), auditors (NQF level 7 in Accounting or Auditing), and SCM specialists with relevant experience.
• Demonstrated experience of at least seven (7) years in internal audit services, with a minimum of five (5) years serving public sector clients.
• IRBA registration and a valid letter of good standing for the service provider.
• SAICA membership for the Audit Manager, with certified proof attached.
• Ability to develop and implement strategic and operational internal audit plans.
• Capacity to conduct audits in accordance with the Institute of Internal Auditors (IIA) standards and the Public Finance Management Act (PFMA).
• Compliance with the specified evaluation criteria, including approach, methodology, experience, and team composition.
• Adherence to confidentiality, independence, and ethical standards as per professional codes.
• Provision of a detailed technical proposal demonstrating understanding of the scope, methodology, and deliverables.