Objectives

The primary objective of this tender is to appoint a qualified and experienced service provider to deliver internal audit services for Joburg City Theatres (JCT). The aim is to establish an independent, effective, and compliant internal audit function that enhances governance, risk management, and internal controls. The service provider will support JCT in strengthening accountability, ensuring legislative compliance, and improving audit outcomes.

Scope

The scope of work includes:

• Development and review of risk-based internal audit plans (3-year rolling and annual)
• Preparation of internal audit coverage and charter aligned with international standards
• Conducting enterprise-wide risk assessments and internal audits in areas such as:
• Revenue and Cash Management
• Accounts Receivable and Collections
• Supply Chain Management (SCM)
• Accounts Payable and Creditors
• Asset Management
• Operational areas including Mobile Theatre Truck and School Sets
• Marketing, Human Capital, Governance, Risk, and Ethics
• Performance Information and Health & Safety Compliance
• Repairs, Maintenance, and Security Management
• Information Technology controls, cybersecurity, and business continuity
• Evaluation of internal controls and compliance with legislation (MFMA, Treasury Regulations, SCM prescripts)
• Quality reviews of financial statements and audit files
• Ad-hoc investigations and reporting of irregular, fruitless, and wasteful expenditure
• Follow-up on management action plans and audit findings
• Provision of advisory services on governance and controls
• Participation in governance structures as required

Technical Requirements

The service provider must:

• Perform internal audits in accordance with the International Standards for the Professional Practice of Internal Auditing (IIA Standards) and King IV principles
• Align audit planning with the Combined Assurance Framework
• Ensure independence and objectivity throughout the engagement
• Report functionally to the Audit and Risk Committee and administratively to the CEO and CFO
• Deliver key outputs including audit plans, reports, progress updates, and follow-up reports
• Support the preparation of the Internal Audit Charter and risk-based audit plans
• Conduct IT audits covering general controls, application controls, cybersecurity, and business continuity
• Investigate irregular expenditure and prepare detailed reports
• Maintain confidentiality of all information obtained during audits

Skills Requirements

The bidder’s team must demonstrate:

• Qualified personnel with relevant certifications such as CA(SA), CIA, CISA, CRMA
• Experience in municipal internal audits, governance, risk management, and compliance
• Knowledge of MFMA, Treasury Regulations, SCM regulations, and King IV principles
• Proven track record of supporting improved audit outcomes and working with the Auditor-General of South Africa
• Ability to develop and implement risk-based audit methodologies aligned with international standards
• Capacity to deliver comprehensive audit plans, reports, and follow-up actions over a three-year period
• Strong communication and reporting skills to present findings to management and governance structures