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 conduct assessments aimed at enhancing financial oversight, internal controls, and fraud risk management practices. The primary objectives are to perform Internal Controls Over Financial Management (ICFM) assessments and Fraud Risk Assessments (FRA) to ensure compliance with the Treasury Board (TB) Policy on Financial Management. This initiative is crucial for strengthening the department's financial management framework through targeted monitoring and assessment activities.

ISSUING ORGANIZATION

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

TECHNICAL CAPABILITIES

Bidders should possess expertise in:

• Internal controls and financial management practices.
• Fraud risk assessment methodologies.
• Familiarity with the Treasury Board Policy on Financial Management.
• Experience in forensic audits is preferred for FRA assessments.

DELIVERABLES AND PERFORMANCE STANDARDS

Key deliverables include:

• Comprehensive reports on ICFM and FRA assessments.
• Recommendations for improving internal controls and fraud risk management.
• Timely submission of assessment findings and compliance with reporting requirements as per the department's guidelines.

EVALUATION CRITERIA

Proposals will be evaluated based on a combined score for technical merit and price. The emphasis will be on:

• Technical approach to conducting assessments.
• Relevant past performance and experience.
• Cost-effectiveness of the proposal.

PREFERRED QUALIFICATIONS

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

• Advanced certifications in auditing or financial management.
• Proven track record in similar assessments for governmental organizations.
• Familiarity with the specific financial management frameworks and policies applicable to Canadian public sector entities.

This summary provides a comprehensive overview of the RFP, allowing potential bidders to assess their fit for the opportunity effectively.