Internal Audit Services (Stream 1)

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

The range of activities under this work-stream could include:

• Value-for-money audit;
• Compliance audit;
• Assurance audit;
• Management controls audit;
• Operational audit;
• Horizontal or sectoral audits led by the Comptroller General; and
• Develop audit or assurance methodologies to meet the requirements of the Treasury Board Policy on Internal Audit

Minimum Mandatory Qualifications and Experience for this Resource Category 

The following are the minimum mandatory requirements that must be met by the Contractor's personnel identified under each applicable resource category for work to be performed under this work-stream. User departments can not reduce these minimum requirements but, if necessary, user departments may increase these requirements at the Request for Proposal (RFP) stage:

Partner/Managing Director

Education/Professional Qualifications:

• Professional Designation in any one of the following: CA, or CMA,or  CGA, or CIA

Experience:

• Must have a minimum of eight (8) cumulative years of audit experience within the past ten (10) years, including at least two (2) cumulative years of experience in internal audit.

Project Manager/Leader

Education/Professional Qualifications:

• Professional Designation in any one of the following: CA, or CMA,or  CGA, or CIA.

Experience:

• Must have a minimum of six (6) cumulative years experience of audit experience within the last ten (10) years including at least two (2) cumulative years experience in internal audit.

Senior Auditor

Educational/Professional Qualifications:

• Professional Designation in any one of the following: CA, or CMA,or  CGA,  or CIA; OR
• A degree from a recognized university, which is relevant to the work-stream.

Experience:

• Must have a minimum of three (3) cumulative years of audit experience within the past ten (10) years.

Auditor

Education/Professional Qualifications:

• Professional Designation in any one of the following: CA, or CMA,or CGA, or CIA; OR
• a degree from a recognized university relevant to the work-stream.

Junior Auditor

Education/Professional Qualifications:

• Must be in the process of obtaining a degree/diploma from a recognized university or college which is relevant to the work-stream, or completing in the process of completing an apprentice program relevant to the work-stream.