Tender Internal Auditors

Descriptions

The existing contract term for internal audit services is due to expire on 31st March 2017 and the Audit Committee is now seeking to tender these services for a period of three years, covering the 2017-18, 2018-19 and 2019-20 financial years.Company BackgroundThe principal activity of CCDG is to provide careers information, advice and guidance service (including placement into employment, training and education for young people) and the facilitation of education business links. The principal risks identified by the Directors are as follows;Financial Risks- Fraud- Claw back/ceasing of European Funds- Reduced budgetFailure of critical suppliers/distributors or others- Cancellation of lease- Utilities failure- Computer system failureStaffing- Recruitment problems in key areas- Long term absenceOperational Risks- Failure to achieve key business targets- Breach of Health & Safety regulations- Adverse publicity/reputationGovernment Policy Charges- Making the Connections- Loss of contracts- Structural changesThe above risks form the basis of the company's Risk Register which identifies potential risks arising from the operation of the company. These risks are prioritised within a Risk Matrix and provided with a risk profile according to the impact and likelihood of the risk occurring.The company prepares a list of the preventative measures for each of the risks identified, as well as the contingency measures to reduce the consequences of an incident to a lower risk level and to facilitate recovery in the event of any crisis arising. These measures and controls are incorporated into a Risk Management Strategy.Internal AuditCCDG must establish and maintain arrangements for internal audit in accordance with the objectives, standards and practices described in the HM Treasury Public Sector Internal Audit Standards (PSIAS). Our audit approach is to improve the effectiveness of risk management, control and governance processes.In achieving its objectives, the internal audit service should:-•identify all systems and controls on which management proposes to rely and plan to review them over a cycle;•evaluate such systems and controls, identify inappropriate or inadequate controls, and recommend improvements in procedures and practices;•ascertain that systems and controls have been established and are working to achieve the most economic, efficient and effective use of resources;•draw attention to any apparently uneconomical or otherwise unsatisfactory results flowing from management’s decisions, practices or policies; and•liaise with external auditors.Careers Wales intends that this tendering process complies with good practice relating to the selection and appointment of internal auditors. If you require any additional information please contact Paul Powell by emailing paul.powell@careerswales.com.NOTE: To register your interest in this notice and obtain any additional information please visit the Sell2Wales Web Site at http://www.sell2wales.gov.wales/Search/Search_Switch.aspx?ID=59253.