Outsourced Internal Audit Services

PURPOSE & SCOPE:

• What is being procured/granted?
  The Canada Deposit Insurance Corporation (CDIC) is seeking outsourced internal audit services.

• Project scope and objectives:
  The supplier will provide Chief Audit Executive services, develop and execute a risk-based audit plan aligned with CDIC's corporate objectives, and deliver actionable recommendations and reports to management and the Audit Committee.

BUYER INFORMATION:

• Issuing organization:
  Canada Deposit Insurance Corporation (CDIC)

• Contact details:
  Roxanne Seguin, Email: [email protected]

• Important dates:

  • Posted: December 12, 2025
  • Due: January 14, 2026, at 12:00 p.m. Ottawa time
  • Anticipated contract award date: On or about April 10, 2026

MANDATORY REQUIREMENTS:

• Required certifications/registrations:
  None specifically mentioned in the source documents.

• Mandatory qualifications:
  Experience in providing internal audit services and a proven ability to develop and execute an audit plan.

• Set-aside requirements:
  No specific set-aside requirements were indicated.

• Geographic restrictions or location requirements:
  No restrictions mentioned.

TECHNICAL REQUIREMENTS:

• Key technical capabilities needed:

  • Knowledge of risk-based audit methodologies
  • Ability to provide independent audit services with professional skepticism and care.

• Deliverables and performance standards:
  Actionable recommendations and transparent reporting are expected deliverables.

• Evaluation criteria:
  Proposals will be evaluated based on a combination of technical and financial offers as detailed in the corresponding schedules of the RFP.

PREFERRED QUALIFICATIONS:

• Nice-to-have certifications or experience:
  Familiarity with government or Crown corporation audits might be advantageous.

• Preferred qualifications:
  Additional experience providing audits for financial institutions would be considered favorable.

• Additional evaluation factors:
  Past performance and the ability to demonstrate successful execution of similar contracts may yield a competitive edge.

KEY EVALUATION FACTORS:

• How proposals will be evaluated:
  Based on technical and financial strength as per the evaluation criteria outlined in the RFP.

• Weighting of different criteria:
  Specific weighting is not documented but will likely consider technical competency more heavily, given the nature of the services.

• Past performance requirements:
  Proposals must demonstrate adequate experience and positive outcomes in providing similar services.

This structured summary focuses on the information necessary for companies to assess their fit for this RFP opportunity while distinguishing between mandatory and preferred requirements.