14/0018 - Single Party Framework Agreement for Internal Audit Services

The Internal Audit service provider shall:- •Develop and maintain a strategic Audit Plan covering a rolling four year period based on significant exposures to loss or failure, including risk management and security, and submit that Plan to the Audit Committee of Louth County Council for approval; •Develop annual Audit Plans, in consultation with Louth County Council Management and the Audit Committee, based on significant exposures identified in the strategic Audit Plan and submit such annual Plans to the Audit Committee for approval; •Consider the scope of work of and liaise with the Director of Corporate Services for the purpose of providing optimal audit coverage; •Implement the Audit Plans as approved by the Audit Committee, including any special projects assigned by the Audit Committee or requested by senior management; •Issue regular reports to the Audit Committee addressing the results of audits conducted, summarising observations and making recommendations, and management responses to the audit findings; •Report significant issues relating to the processes for controlling assets and the activities of Louth County Council and provide information concerning such issues through to resolution; •Issue final audit reports to the Chief Executive and the Audit Committee; •Monitor and report to the Audit Committee on progress towards the implementation of agreed audit recommendations; •Maintain a professional audit service staffed with sufficient knowledge, experience and skills to meet the requirements and; •Evaluate and assess controls coinciding with the introduction of major changes to systems. •Be required to be available to report and attend meetings with the Audit Committee.

Services

05/09/2014 12:00:00

79212200-5  Internal audit services