Description of the contract
The overall aim is to ensure the delivery of a focused, high quality internal audit function. Sport Wales has therefore established the following key criteria that must be delivered within the internal audit programme:
1. To ensure added value is inherent in the scope of individual audits, Sport Wales is seeking an audit function that goes above and beyond compliance testing, adding value by identifying best practice and includes suggestions where systems may be enhanced or improved.
2. The successful applicant will be expected, as a minimum, to:
• perform audits in accordance with Public Sector Internal Audit Standards;
• identify, test and evaluate key systems and controls;
• confirm key controls in place are appropriate and effective;
• where weaknesses are identified, propose ways of improving Sport Wales systems procedures and controls in a manner that is economic, efficient and effective;
• liaise effectively with Sport Wales Managers and staff as required to ensure efficient and effective delivery of services;
• offer advice and other services as required to assure Sport Wales processes remain compliant and effective; and
• provide an annual assurance opinion to the Audit & Risk Assurance Committee which can be relied upon by the Board.
3. In delivering points above, Sport Wales would envisage that the successful applicant will ensure that staff appointed to the audit are appropriately experienced and hold the requisite qualifications. As a minimum all auditors would be required to have at least one year’s audit experience.
4. As well as the internal audits themselves the successful applicant will be expected to attend Audit & Risk Assurance Committee meetings held in Sport Wales Offices, Cardiff (usually four a year); where your named representative(s) will present internal audit findings, report on progress made against the audit plan and any risk management activities.
5. The successful applicant will be expected to co-operate fully with Sport Wales’s external auditors (Audit Wales); and show examples of co-operation such as sharing the audit plan and working papers with the aim of minimising duplication in the audit programme.
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