Objectives

The primary objectives of this tender are to appoint a qualified service provider to deliver internal audit services for the Council on Higher Education (CHE) over a period of 36 months. The internal audit function aims to:

• Assist CHE in achieving its strategic objectives through systematic review and evaluation of operations.
• Enhance risk management, control, and governance processes.
• Provide independent, objective assessments to improve internal controls and institutional governance.
• Support continuous improvement and uphold compliance with international internal audit standards.
• Strengthen CHE’s institutional image and operational efficiency.

Scope

The scope of work includes:

• Performing internal audit functions as per the agreed annual audit plan.
• Monitoring and evaluating risk management, control, and governance processes.
• Providing quarterly and annual risk progress reports to the Audit and Risk Committee.
• Assessing the effectiveness of internal controls and recommending improvements.
• Supporting CHE in identifying, evaluating, and mitigating significant risks.
• Conducting site visits and reference checks as part of due diligence.
• Delivering comprehensive reports and recommendations to enhance operational effectiveness.

Technical Requirements

The technical requirements for bidders include:

• Submission of a detailed business proposal, including a company profile, history, and registration details.
• Provision of CVs and qualifications of the project team, including at least:
• Audit partner or director (minimum 5 years’ experience, registered with IIA SA or SAICA).
• At least one Audit Senior (minimum 3 years’ experience).
• At least one Audit Junior (minimum 1 year experience).
• Demonstration of understanding of CHE’s scope of work through a detailed methodology and project plan with timelines.
• Provision of relevant internal audit software or tools (e.g., CAATS, ACL).
• Proof of professional registration (CIA, CISA, SAICA) for key team members.
• References from at least three public sector organizations, demonstrating relevant experience within the last five years.
• Compliance with mandatory administrative documents and registration requirements.

Skills Requirements

Bidder(s) must demonstrate:

• Professional competence in internal auditing, with proof of registration with recognized bodies (CIA, CISA, SAICA).
• Knowledge of best practices in internal audit standards and risk management.
• Experience in delivering internal audit services within the public sector.
• Ability to develop and implement comprehensive audit methodologies and work plans.
• Strong analytical, reporting, and communication skills.
• Capacity to provide timely, accurate, and independent audit assessments.