INTERNAL AUDIT - Further Competition via the Crescent Purchasing Consortium Internal Audit - South West - LOT 9 (LOT 9 Suppliers Only)

The Supplier shall provide the College with an internal audit service that:

o is performed with due professional care.

o is in accordance with the appropriate professional auditing practice (Institute of Internal Audit) and the Code of Audit Practice.

o follow Audit Guidance from the Skills Funding Agency (SFA). Or their successor

o meet the deliverables set out in this document.

o provides the College with and independent/objective appraisal of all College activities (excluding audits of academic provision), its financial systems and management controls including business risk.

o provides the College with an objective assessment of adequacy and effectiveness of the College's systems and controls to: o enable the College Board Members and senior management to know the extent to which they can rely on the College's systems and controls; and o enable individual managers to know how reliable the College's systems and controls for which they are responsible are; and o secure propriety, economy, efficiency and effectiveness in all areas; and o indicate activities where value for money could be improved.

As part of the internal audit service the Supplier shall also be required to:

o liaise with the College's appointed external auditor and the Skills Funding Agency (SFA) to enhance the level of service it provides to College.

o provide the College's appointed external auditor with copies of all reports including the annual report which have been completed and considered by the College Audit Committee.

The College's electronic tendering system (herein after referred to as In-Tend) will be used for this Further Competition/Tender https://in-tendhost.co.uk/cornwall should you decide to provide a response to this Further Competition/Tender your Submission must be returned through In-Tend and received no later than 12 noon 14th April 2022 (herein after referred to as the Return Date)