Objectives

The primary objective of this tender is to engage suitable, qualified, and registered internal audit service providers to deliver three internal audit engagements for the Johannesburg Tourism Company (JTC). The audits aim to evaluate and improve the effectiveness of risk management, controls, and governance processes within the organization, ensuring compliance with international standards and adding value to JTC's operations. Additionally, the service provider is expected to transfer skills to the in-house internal audit team and ensure that all audit activities are conducted independently and in accordance with the set standards.

Scope

The scope encompasses the provision of internal audit services for three specific engagements covering:

• Finance processes, including:
  • Month-end processes and general ledger reconciliations
  • Bank and cash management
  • Income and expenditure management, accounts receivables
  • Accounts payables and provisions
  • Fruitless, wasteful, and irregular expenditure
  • Asset management
• Operational processes, including:
  • Demand management
  • Acquisition management
  • Logistics, disposal, risk, and consequence management
  • Contract and performance management
• Human resources processes, including:
  • Talent acquisition and recruitment
  • Onboarding and training
  • Performance and talent management
  • Compensation and benefits administration
  • Employee engagement and retention
  • Workforce planning and analytics

The audits must be conducted in compliance with the New Global Internal Audit Standards (GIAS) and aligned with the approved five-year internal audit strategy (2025–2030).

Technical Requirements

The technical requirements include:

• Conduct thorough benchmarking research to estimate the total hours required for each audit engagement.
• Provide detailed technical proposals outlining the approach, methodology, and work plan tailored to JTC’s needs.
• Incorporate CVs of proposed professional staff, including internal audit team members and the authorized representative, highlighting their experience, qualifications, and roles in the engagements. CVs should be limited to one page per staff member.
• Demonstrate proven experience in performing three internal audit engagements, including references from at least three municipal government clients or municipal-owned entities, with details of the engagements, contact persons, and duration.
• Ensure all proposals are legible, comprehensive, and demonstrate capacity to meet the audit requirements within the stipulated timeframe.

Skills Requirements

The successful bidder must possess:

• Relevant professional qualifications in internal auditing (e.g., IIA membership or equivalent).
• Proven experience in executing internal audits for municipal government entities or similar organizations, with at least three completed engagements in the last three years.
• Strong understanding of internal audit standards, risk management, and governance frameworks.
• Capability to develop and implement tailored audit methodologies and work plans.
• Effective communication skills for reporting and transferring skills to the in-house audit team.
• Capacity to deliver the engagements independently, efficiently, and within the specified timelines.