Internal Audit Services
See Bid/RFP documents for additional submission details.
The successful Provider will provide the City with an independent Internal Audit. The Provider shall be a Certified Internal Auditor. Providers shall comply with Generally Accepted Auditing Standards ("GAAS") as set forth by the Standards for Financial Audits set forth in the U.S. General Accounting Office's Government Auditing Standards and the provisions of U.S. Office of Management and Budget (OMB) Circular A-128 Audits of State and Local Governments.
Services provided will not be for operational or business efficiency assessments, but for an Internal Audit for the adequacy and effectiveness of system or manual internal controls for accounting through the five primary methods of testing controls within an organization for the purpose of evaluating the effectiveness of proper design and implementation to prevent or detect material misstatement. The five primary methods of testing will include inquiry, observation, examination or inspection of evidence, re-performance, and computer assisted audit technique (CAAT).
Services provided will be for the testing of items and/or areas listed below to ascertain existence, valuation, compliance, completeness and accuracy.
Services provided for operations and programs will also be conducted using the above standards and testing to allow for a comprehensive Internal Audit, and not an efficiency assessment, unless specifically stated within a bullet point below.