Vaal Central Water seeks proposals for co-sourced internal audit services for a period of three years. The successful bidder will enhance governance and risk management while providing specialized audit expertise.
This tender invites qualified firms to provide internal audit services to Vaal Central Water for a duration of three years, concluding in the 2028/29 financial year. The primary objective is to assist the Accounting Authority and management in fulfilling their responsibilities under the Public Finance Management Act (PFMA). The selected service provider will work alongside the internal audit team, focusing on areas such as risk management, governance, and internal controls, while also addressing capacity constraints in specialized areas like ICT and forensic audits.
The scope of work includes developing a rolling three-year strategic plan, preparing annual risk-based operational plans, conducting audits in compliance with global standards, and enhancing the combined assurance model. The internal audit function aims to ensure effective controls, improve operational efficiency, and ensure compliance with applicable laws and regulations. Bidders are encouraged to demonstrate their expertise and experience in the public sector, particularly in areas relevant to Vaal Central Water's operations.
This tender is suitable for accounting and auditing firms, particularly those with experience in public sector audits and specialized skills in ICT, engineering, and forensic audits. Companies that promote Broad-Based Black Economic Empowerment (B-BBEE) are encouraged to apply.