Audit Services

Background
The California State Controller's Office (SCO) is seeking proposals from experienced accounting and internal auditing professionals to provide expert technical advisory services aimed at enhancing the internal audit function. This initiative is in response to the newly mandated Global Internal Audit Standards released in January 2024, focusing on compliance, quality standards, best practices, benchmarks, and staff training. The SCO is responsible for the accountability and disbursement of California's financial resources and independently audits government agencies that utilize state funds.

Work Details
The contractor will conduct an assessment of the Management Audit and Review Services Unit (MARS) to ensure compliance with California Government Codes related to Internal Audit and the State Leadership Accountability Act. The services include:
- Evaluating compliance with Global Internal Audit Standards.
- Assessing adherence to best-in-class quality standards.
- Providing relevant benchmarks and recommendations for staff training.
- Ensuring alignment with the International Standards for the Professional Practice of Internal Auditing issued by the Institute of Internal Auditors (IIA).

The work will also involve risk assessments through various methodologies including employee engagement surveys and ongoing monitoring activities.

Period of Performance
The agreement term is set for eight months, with an option to extend for an additional four months if deemed necessary by SCO. The contract may be terminated by either party with a 30-day written notice.

Place of Performance
The services will primarily be performed at locations designated by the California State Controller's Office, which may include both remote work and on-site evaluations as required.