Objectives

The primary objective of this tender is to appoint a service provider to deliver internal audit services for a period of three (3) years. The services aim to evaluate the effectiveness of internal controls, risk management, and governance processes within the organization, and to provide recommendations for improvements. The scope includes performing internal audits, reviewing financial statements, IT audits, business continuity assessments, performance audits, and ad hoc consulting services as requested by management.

Scope

The scope of work encompasses:

• Assessment of key risk areas considering current operations, strategic, annual performance, and operational plans.
• Implementation and review of annual internal audit plans.
• Review of performance indicators, targets, and financial statements (AFS and APR).
• Conducting IT audits, business continuity, and disaster recovery reviews.
• Quarterly performance audits, including income and expenditure reviews.
• Comprehensive annual control environment audits with value-adding recommendations.
• Review of risk management efforts and organizational policies, including supply chain management and procurement processes.
• Tracking and reporting on audit findings and progress.
• Participation in Audit and Risk Committee (ARC) meetings and providing ad hoc consulting services.

Technical Requirements

The technical requirements include:

• Proof of a local office in Bloemfontein (e.g., lease agreement, utility bill).
• Demonstrated experience in providing internal audit services in the public sector, supported by reference letters.
• Qualified team members with relevant certifications and experience, including:
• Director/Partner: CA(SA)/ACCA/CIA with at least 10 years post-qualification experience.
• Senior Manager: CIA/CA(SA)/ACCA with at least 5 years post-qualification experience.
• Manager: CA(SA)/CIA/ACCA with at least 5 years post-qualification experience.
• Assistant Manager: CA(SA)/CIA/ACCA/AGA/RGA with at least 5 years post-qualification experience.
• IT Audit Specialist: Degree in IT audit or equivalent, with at least 5 years experience.
• Internal Auditor: Relevant degree, with at least 5 years experience.
• Junior Team Members: Diploma in internal audit or accounting, with at least 2 years experience.
• Provision of a detailed project plan and skills transfer program.
• Compliance with relevant procurement and tax regulations, including submission of tax compliance status and relevant documentation.

Skills Requirements

The skills and experience required for the team include:

• Extensive experience in internal auditing within the public sector.
• Qualified personnel with professional certifications (CA(SA), CIA, ACCA, AGA, RGA).
• Proven ability to conduct IT audits, financial audits, performance audits, and risk assessments.
• Strong project management skills with the ability to develop and execute comprehensive audit plans.
• Capability to provide skills transfer and capacity building to the organization’s staff.
• Experience in preparing reports, presenting findings, and participating in governance meetings.