Provision of Internal Audit Services

Description

Arts University Bournemouth wishes to appoint a suitably qualified and independent provider to deliver a fully outsourced Internal Audit Service. The appointed provider will act as the University's Internal Audit function and provide independent assurance to the Board of Governors and Audit & Risk Committee regarding the adequacy and effectiveness of governance, risk management, internal control and value-for-money arrangements. The contract will include, but not be limited to: • Provision of a named Head of Internal Audit; • Development of a risk-based Internal Audit Strategy and Annual Audit Plan; • Delivery of risk-based internal audit reviews; • Reporting to the Audit & Risk Committee and Board of Governors as required; • Follow-up and monitoring of management actions; • Provision of an annual Head of Internal Audit Opinion; • Special investigations and advisory assignments where independence can be maintained; and • Coordination with External Audit and other assurance providers. The contract is expected to commence on 1 August 2027 for an initial term of three years, with the option to extend for up to two additional periods of twelve months. This procurement is being conducted using a two-stage Competitive Flexible Procedure. Stage 1 comprises a Conditions of Participation / Procurement Specific Questionnaire (PSQ). Suppliers meeting the requirements of the PSQ will be invited to participate in Stage 2, the Invitation to Tender (ITT).