The Elundini Local Municipality seeks proposals for co-sourcing its Internal Audit Function. This service aims to enhance the municipality's audit capabilities and ensure compliance with regulatory standards over a defined period.
The Elundini Local Municipality is inviting tenders for the co-sourcing of its Internal Audit Function, aimed at strengthening its internal controls and governance processes. This initiative is essential for ensuring compliance with applicable laws and regulations, as well as improving operational efficiency. The successful bidder will collaborate with the municipality's existing audit team to provide expertise, resources, and support in executing the internal audit plan effectively.
The scope of work includes conducting risk assessments, developing audit plans, performing audits, and providing recommendations for improvements. Bidders should demonstrate experience in public sector auditing, a thorough understanding of relevant legislation, and the ability to deliver high-quality audit services. The contract duration is set from the date of award until the end of the financial year, with the possibility of extension based on performance and mutual agreement. This co-sourcing arrangement is expected to bring added value through knowledge transfer and capacity building within the municipality's audit function.
This tender is suitable for audit firms and consulting companies with expertise in internal auditing, particularly those experienced in the public sector. Businesses that can demonstrate a strong track record in compliance and risk management will find this opportunity relevant.
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