Tender Summary: Panel for the Provision of Internal Auditing and Forensic Audit Services

Objectives

To establish a pre-qualified panel of service providers capable of delivering independent, high-quality internal auditing and forensic audit services. The primary aim is to enhance organizational governance, strengthen internal controls, mitigate financial and operational risks, and detect or investigate potential fraud and non-compliance activities.

Scope

The procurement encompasses two core service areas:

• Internal Auditing: Systematic evaluation of financial processes, operational efficiency, policy compliance, and risk management frameworks.
• Forensic Investigation Audit: Specialized examinations targeting financial irregularities, fraud schemes, asset misappropriation, and regulatory breaches, including evidence preservation and investigative reporting.

Providers will be appointed to a standing panel, allowing the organization to issue targeted work orders or call-off requests as operational needs arise throughout the contract duration.

Technical Requirements

Bidders must satisfy all baseline specifications detailed in the original tender documentation, with the following explicit technical mandates highlighted in the addendum:

• Dual Professional Membership: Under Category B (Forensic Investigation Audit), both the lead Director and the bidding Company must hold active memberships with the Association of Certified Fraud Examiners (ACFE) and/or another recognized professional auditing or forensic body.
• Evaluation Scoring: This membership requirement is weighted at 15 points within the technical evaluation matrix.
• Document Hierarchy: All original tender provisions remain fully applicable unless explicitly amended by this addendum.

Skills Requirements

Prospective bidders must demonstrate verified competencies in the following areas:

• Advanced proficiency in internal control testing, risk-based auditing, and regulatory compliance frameworks.
• Expertise in forensic accounting, digital evidence collection, fraud examination methodologies, and investigative report writing.
• Proven leadership capability to manage complex, multi-phase audit engagements independently.
• Valid professional certifications and documented organizational experience in conducting high-stakes financial and operational audits.

Explanation of Key Terms

• Panel Appointment: A framework contracting model where multiple qualified suppliers are pre-approved to deliver services over a set period. Specific projects are assigned via individual call-offs rather than through separate competitive bids for each task.
• Association of Certified Fraud Examiners (ACFE): An international professional organization focused on fraud prevention, detection, and deterrence. Membership signifies formal training, adherence to ethical standards, and current competency in anti-fraud practices.
• Category B Evaluation Criteria: A designated scoring section within the tender’s assessment matrix specifically allocated to evaluating bidders’ qualifications, technical capacity, and experience in forensic audit and investigation services.