TURKS AND CAICOS ISLANDS GOVERNMENT OFFICE OF THE CHIEF INTERNAL AUDITOR (OCIA) REQUEST FOR QUOTATIONS (RFQ) INTERNAL AUDIT CONSULTANTS - SHORT TERM MULTIPLE ROLES MIXED DELIVERY - REMOTE AND ONSITE DEADLINE TO SUBMIT QUOTATIONS: July 25, 2025 1. OVERVIEW The Office of the Chief Internal Auditor (OCIA) plays a critical role in the governance framework of the Turks and Caicos Islands Government (TCIG). The Chief Internal Auditor’s (CIA) role as per section 13 (6) of the Public Finance Management Act (PFMA) is to carry out internal audit reviews of Ministries, Departments and Statutory Bodies within the TCIG. This is to ensure good governance and that public finances are regulated, controlled and supervised in accordance with the PFMA and any other Act. The OCIA carries out its functional responsibilities across 140 auditable units comprising - 9 Ministries, 65 Ministerial Departments, 35 Non-Ministerial Departments, 8 Statutory Funds and 23 Statutory Bodies. The OCIA Audit Universe is categorised into four (4) audit units as follows: Ministries and Departments Non-Ministerial Departments Statutory Funds Statutory Bodies 2. OBJECTIVE Due to increased demand for internal audit services across the TCI Government, the OCIA is seeking to engage short term Internal Audit Consultants in specific areas to clear a backlog of internal audit projects. As an Internal Audit Consultant, you will work as part of an audit team in helping to review and audit complex business activities across various areas of the TCI Government operations. The OCIA is seeking quotations from suitably qualified and experienced individuals or firms to provide Internal Audit Consultancy services. Successful bidders will form a pool of consultants from which services will be procured on an as needed basis. 3. CONSULTANT REQUIREMENTS Internal Audit Consultants must possess the following in the respective area to which are they are interested: a) Minimum bachelor’s degree in the area of interest. A master’s degree would be desirable. b) Professional certification with minimum 5 years post certification experience. c) Minimum 10 years’ experience in the field or area of interest with 5 years’ experience at the management level. d) Experience in public sector and statutory body operations. e) Experience in executive and senior management level reporting. f) Computer/Laptop equipment with video conferencing capabilities and Microsoft Office application. g) Specialized application software for data analytics. 4. CONSULTANCY AREAS Internal Audit Consultants will assist on the technical/functional aspects of the OCIA’s auditing operations with the aim of completing audits tasks or projects across a wide cross section of activities. These internal audits can be undertaken across areas such as: Internal Auditing Accounting and Finance Information Technology Public Administration Data Analytics* Business Administration Human Resource Management Operations Management Corporate Governance Internal Control Risk Management Compliance Policy, Process and Procedures Fraud Investigations Investments Pension Fund Management National Insurance Health Care Insurance Procurement Logistics Supply Chain Management Process Reengineering Civil Engineering Construction Engineering Mechanical Engineering Environmental Specialists Information Technology (IT) areas include: Cybersecurity Information Security Data Privacy Information Systems Database Management Telecommunications etc Data Analytics applications include: CaseWare IDEA Audit Command Language (ACL) Query and Analysis (Q&A) SQL etc Public Administration Application Software Smart Stream Standard Integrated Government Tax Administration- (SIGTAS) Automated System for Customs Data (ASYCUDA) Quick Books Microsoft Dynamics 5. SCOPE OF SERVICES Under the instructions and authority of the Chief Internal Auditor, the Consultants shall perform internal audit services either as an: Auditor on a team , Lead Auditor on a team , or Subject Matter/Technical Expert . General duties and responsibilities will include the following activities typical in an internal audit exercise: Planning Planning and undertaking relevant research into Ministries, Departments and Statutory Bodies or the area under review. Conducting analysis of information and data obtained from various sources (interviews, hard copy, soft copy, etc). Determine scope of review based on the agreed audit objectives. Drafting audit plan and audit test procedures. Execution/Field Work Utilizing appropriate audit techniques and procedures to interrogate/examine data, information, files or documentation. Identify reportable issues and identify deficiencies in control, governance and risk. Review the suitability of internal control design and risk management initiatives implemented by Management. Evaluate and determine compliance with laws, regulations, policies or procedures. Document work conducted, analysis undertaken and link/index to documented supports, exhibits or evidence. Reporting Conduct root cause analysis on findings identified and derive conclusions and recommendations from the work undertaken. Preparing draft findings and communicate with the audit client. Prepare comprehensive draft audit report with conclusions, risk and overall recommendations for final review by the CIA. Project Management Review work of assigned staff and ensure staff performance is managed to achieve audit objectives. Ensure tasks and projects are progressing on time, quality is maintained and within budget. Provide regular reporting on the progress of all assignments, tasks and projects to the CIA. Perform other related audit assignments and tasks as assigned by the CIA. 6. DELIVERABLES The Consultant is expected to produce the following general deliverables in line with the OCIA Process Deliverables for a typical audit assignment. Audit Plan with audit objectives, program and procedures. Working papers with documented supports, exhibits or evidence. Schedule of audit findings with criteria, condition, cause, consequence and corrective action. Draft report with root cause, risks identified, conclusions and overall recommendations. Time sheet to show hours worked on tasks and assignments. Scheduled daily or weekly online/virtual meetings with team members as required. Progress reports to the CIA summarising the activities undertaken. Note: On site visits to the client may be required based on the audit task, project or assignment being undertaken. A determination of the time for onsite visits will be based on the project being undertaken. 7. DURATION A typical Consultancy is estimated to be executed over a period of 30 – 60 working days. However, Consultants will be engaged on short term contracts for specific audit tasks, projects or assignments as the need arises and based on the duration of time estimated to complete the audit task or project. 8. SUBMISSION The following documents are to be submitted as your Quotation Submission for this consultancy: 1. Quotation Letter/Proposal to include the following details: a. Consulting area (s) of interest b. Estimate of your consultancy fees and general payment terms. c. Estimated costs for travel, accommodation and transportation to meet potential on site requirements for 30 days. 2. A Resumé or Biographical Summary to include the following details: a. Relevant experience in the area (s) of interest. b. Proof of qualifications and certifications. c. Passport Bio data page. d. Two (2) Testimonials from past clients. Submissions shall be directed to the officer below in hard copy or email no later than 4:00 pm July 25, 2025 . To: Chief Internal Auditor Office of the Chief Internal Auditor 1 st Floor, Hibiscus Square Pond Street, Grand Turk Submissions received after the deadline may not be considered in this selection process but may be placed on file for future reference. The selected candidate will be required to comply with all applicable Acts and Regulations within the Turks and Caicos Islands. We appreciate your interest, but only shortlisted candidates will be contacted. 9. CONTRACT AWARD The TCI Government does not bind itself to accept the lowest priced quotations or proposals. The Government reserves the right to reject any or all proposals for services when deemed not to be in its best interest and the interest of the public.
