Internal Controls Over Financial Management Assessments & Fraud Risk Assessments – Task Authorization Contract

PROCUREMENT OVERVIEW

The Department of Public Safety and Emergency Preparedness (PS) is seeking external firm(s) to support its efforts in enhancing financial oversight, internal controls, and fraud risk management practices. The core objective is to conduct assessments that ensure compliance with the Treasury Board (TB) Policy on Financial Management. The specific assessments required include Internal Controls Over Financial Management (ICFM) assessments and Fraud Risk Assessments (FRA), categorized under Professional Audit Support Services Supply Arrangement.

ISSUING ORGANIZATION

• Organization: Department of Public Safety and Emergency Preparedness (PS)
• Location: Ottawa, Ontario, Canada
• Primary Contact: Katrine Hermann-Hincke
• Email: [email protected]

MANDATORY REQUIREMENTS

Bidders must meet the following eligibility criteria:

• Certifications: No specific certifications mentioned, but familiarity with financial management and auditing standards is implied.
• Experience: Proven experience in conducting internal controls and fraud risk assessments.
• Geographic Restrictions: Services must be deliverable within Canada.
• Security Clearances: No specific security clearances mentioned.

TECHNICAL CAPABILITIES

Bidders should possess expertise in:

• Internal controls and financial management practices.
• Fraud risk assessment methodologies.
• Familiarity with the Treasury Board (TB) Policy on Financial Management.
• Experience in forensic audits and financial and accounting services.

DELIVERABLES AND PERFORMANCE STANDARDS

Key deliverables include:

• Comprehensive reports on Internal Controls Over Financial Management assessments.
• Detailed Fraud Risk Assessment reports.
• Adherence to established timelines for assessments and reporting.
• Compliance with any additional reporting requirements set by the Comptrollership Directorate.

PREFERRED QUALIFICATIONS

While not mandatory, the following qualifications may provide a competitive edge:

• Advanced certifications in auditing or financial management (e.g., CPA, CIA).
• Previous experience working with government entities or similar organizations.
• Demonstrated success in improving financial oversight and internal controls in past projects.

This summary provides a comprehensive overview for potential bidders to assess their fit for the opportunity presented by the Department of Public Safety and Emergency Preparedness.