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 firms to conduct assessments aimed at enhancing financial oversight, internal controls, and fraud risk management practices. The project involves two main types of assessments: Internal Controls Over Financial Management (ICFM) assessments and Fraud Risk Assessments (FRA). These efforts are crucial for ensuring compliance with the Treasury Board Policy on Financial Management.

ISSUING ORGANIZATION

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

CONTRACT DETAILS

• Contract Type: Task Authorization Contract under a Supply Arrangement
• Estimated Contract Value:
  • Stream 4 (Fraud Risk Assessments): $339,000
  • Stream 6 (ICFM Assessments): $339,000
• Total Estimated Limitation of Expenditure: $678,000 over five years

MANDATORY REQUIREMENTS

• Bidders must be holders of the Professional Audit Support Services Supply Arrangement #E60ZQ-180001/D, specifically for Stream 4 (Forensic Audits) and Stream 6 (Financial and Accounting Services).
• Bidders must submit only one proposal in response to this solicitation.
• Minimum Security Level Required: Reliability
• Document Safeguarding Minimum Level Required: Protected B

TECHNICAL CAPABILITIES

Bidders should possess expertise in:

• Internal controls and financial management assessments
• Fraud risk assessment methodologies
• Familiarity with Treasury Board policies and financial management frameworks

DELIVERABLES AND PERFORMANCE STANDARDS

Key deliverables include:

• Comprehensive reports on Internal Controls Over Financial Management and Fraud Risk Assessments.
• Regular updates and progress reports to the Comptrollership Directorate at PS.
• Adherence to timelines and quality standards set forth in the contract.

PREFERRED QUALIFICATIONS

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

• Previous experience working with government entities or similar organizations.
• Relevant certifications in auditing or financial management.
• Proven track record in successfully completing similar assessments.

This summary provides a clear overview of the opportunity for potential bidders to assess their fit for the project.