Practice Inspections (Stream 2)

Among the requirements of the Treasury Board Policy on Internal Audit is the adherence to professional standards and rigorous methodology in the delivery of internal audit services.  This work-stream will therefore require the services of internal audit professionals who have the expertise and objectivity needed to assist in conducting Practice Inspections of the internal audit function within a department or agency.

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:

Please note that as of April 1, 2009, it is mandatory that firms qualify either a Partner/Managing Director Resource OR a Project Manager/Leader Resources in The Institute of Internal Auditors (IIA) Certified Internal Auditor (CIA) program. Further, it is expected that, this resource qualify in The IIA's quality assessment training course. These required qualifications will be included in Requests for Proposals (RFPs) as the internal audit community moves to a more mature state.

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 of audit experience within the past ten (10) years, including at least three (3) cumulative years of experience in internal audit.

Senior Auditor

Education/Professional Qualifications:

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

Experience:

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

Auditor

Not required in this stream.

Junior Auditor

Not required in this stream.