Objectives

The primary objective of this tender is to engage suitable, qualified, and registered internal audit service providers to deliver three internal audit engagements for Johannesburg Tourism Company (JTC). The internal audits aim to evaluate and improve the effectiveness of risk management, controls, and governance processes within the organization, ensuring compliance with the New Global Internal Audit Standards (GIAS) and adding value to JTC's operations.

Scope

The scope encompasses the provision of internal audit services for three engagements covering:

• Finance processes, including:
  • Month-end process (Key General Ledger Reconciliations)
  • Bank and Cash management
  • Income and Expenditure Management, Accounts Receivables
  • Accounts Payables and provisions
  • Fruitless, wasteful, and irregular expenditure
  • Asset Management
• Operational processes, including:
  • Demand Management
  • Acquisition Management
  • Logistics, Disposal, Risk, and Consequence Management
  • Contract and Performance Management
• Human Resources processes, including:
  • Talent Acquisition and Recruitment
  • Onboarding and Training
  • Performance and Talent Management
  • Compensation and Benefits Administration (leave, overtime)
  • Employee Engagement and Retention
  • Workforce Planning and Analytics

The audits must be conducted independently, with the final reports certifying completion and compliance with standards.

Technical Requirements

The technical requirements include:

• Conduct thorough benchmarking research to estimate overall hours required for the three audit engagements.
• Develop a detailed workplan and methodology tailored to JTC’s needs, addressing all aspects of the scope.
• Incorporate CVs of proposed professional staff, highlighting experience, qualifications, roles, and responsibilities. CVs must be concise (maximum one page per staff member).
• Provide proof of experience in performing three internal audit engagements, including references from at least three municipal government clients or municipal-owned entities, with details of the engagements, contact persons, and duration.
• Ensure all work conforms to the New Global Internal Audit Standards (GIAS) and aligns with the approved Five Year Internal Audit Strategy (2025–2030).

Skills Requirements

The successful bidder must demonstrate:

• Proven experience in executing internal audits for municipal government entities and related organizations.
• Capability to deliver three comprehensive internal audit engagements within the stipulated timeframe.
• Qualified and experienced internal audit team members, including partners, managers, and staff, with relevant professional memberships and certifications.
• Ability to provide innovative, tailored audit methodologies and workplans that address JTC’s specific needs.
• Strong understanding of risk management, controls, and governance frameworks, particularly within the public sector.
• Capacity to transfer skills and knowledge to the in-house internal audit team during the engagements.