Objectives

The primary objective of this tender is to appoint a qualified and experienced panel (maximum of 3 members) to provide internal audit and risk management services to NSEZ for a period of three years. The services aim to enhance governance, accountability, risk management effectiveness, internal controls, compliance, and operational efficiency within NSEZ.

Scope

The scope of work includes:

• Development of a three-year rolling risk-based internal audit plan and annual audit plans aligned with NSEZ’s strategic objectives and risk register.
• Execution of internal audits covering financial management, supply chain processes, governance, PFMA compliance, performance reporting, IT audits, infrastructure, and ad hoc investigations.
• Supporting enterprise risk management processes and assessing risk mitigation strategies.
• Evaluating internal controls and compliance with legislation and policies.
• Preparation of internal audit reports, progress reports, and presentation of findings to management and the Audit and Risk Committee.
• Follow-up audits on prior findings and providing advisory services on governance, risk, and control matters.

Technical Requirements

The services must be delivered in accordance with:

• International Standards for the Professional Practice of Internal Auditing (IIA Standards).
• Developing and executing risk-based audit plans.
• Providing independent, objective assurance and consulting services.
• Supporting enterprise risk management and internal control evaluation.
• Reporting and follow-up on audit findings and recommendations.
• Participating in governance committees without compromising independence.

Skills Requirements

Applicants must demonstrate:

• Company experience in internal audit and risk management services (preferably in the public sector or PFMA environment).
• Proven methodology, approach, and audit plan development skills.
• Qualified key personnel, including professionals with relevant qualifications such as CIA, CA(SA), CISA, or risk specialists.
• Track record with verifiable references in similar assignments.
• Understanding of governance, risk management, and internal control frameworks.
• Ability to develop risk-based audit plans and execute audits in line with international standards.
• Strong reporting, communication, and advisory skills.