SPFA for the Provision of Comprehensive Internal Audit Services

Description

The Framework Agreement will establish a contractual arrangement for the Provision of Comprehensive Internal Audit Services to Support the Contracting Authority’s Governance, Internal Control, Risk, Statutory and Regulatory Compliance Obligations as well as strategic and operational goals. The Framework Agreement sets out the full range of internal audit services that may be required during the term of the Framework. The Initial Contract (12 months) will comprise the delivery of up to seven (7) internal audits as set out in the agreed Annual Internal Audit Plan. There is no guarantee of volume, frequency or value of audit services beyond the Initial Contract. The appointed Internal Audit Service Provider will act as a Trusted Advisor and Independent Auditor primarily across the operational functions of: • Housing Asset Management • Tenancy Management/Estate Services and OMCs • Respond Services • Finance and Treasury Management • Acquisition and Development • People and Culture • Legal, Contracts and Funding • Governance and Compliance At the beginning of each year, the Auditor will present an Annual Internal Audit Plan to the Finance, Risk and Audit Committee (FRAC), mapped to the Corporate Risk Register and associated internal control framework.