The purpose of this Request for Quote (RFQ) is to invite audit firms to submit their proposal for the provision of Internal Audit Services to the Institute of Singapore Chartered Accountants (the “Institute”) and its subsidiaries (the “Group”).
Scope of Work
Objective of Internal Audit
The objectives of the Internal Audit Services are as follows:
Review the Group’s operational and financial activities and processes;
Evaluate the adequacy and effectiveness of internal controls put in place for the Group’s operational and financial processes and procedures;
Identify non-conformance, gaps and risks in the Group's processes and procedures and the potential implications of these shortcomings
Making recommendations to improve internal controls and/or procedures for identified areas of inadequacies or weakness
The review cycle shall be over a three-year period covering 2018 to 2020.
Submission Method Details
Audit team’s experience and credentials
The proposer shall submit the following:
firm’s profile, overall structure indicating total staff strength, in particular, the internal audit teams;
curriculum vitae of the internal audit team leader and members including full description of qualifications and relevant experiences; and
details of similar internal audit undertaken by the firm over the last 3 years.
Price
All prices quoted must be in Singapore Dollars. ISCA shall be under no obligation to accept the quotation with the lowest quote, or to enter into correspondence with any firms regarding the reasons for non-acceptance of a quotation.
For any enquiry or submission, please email to ia.rfq@isca.org.sg with the subject "IA-06-2018" before the closing date.
