Internal Audit Services

Background
Grand County, Utah is seeking proposals from qualified individuals and firms to provide internal audit services. The selected individual or firm will collaborate with the Grand County Audit Committee to develop, review, and evaluate the adequacy and effectiveness of the County’s internal control structure. This initiative aims to ensure the reliability and integrity of financial and operating records, compliance with relevant policies and mandates, safeguarding of assets, and effective management of resources. The Audit Committee is comprised of three County Commissioners. The initial contract term is for one year, with an option for three additional one-year renewals.

Work Details
The internal audit services required include:

1. Conducting a risk assessment of County operations in collaboration with the Audit Committee to prioritize areas for internal audit work and proposing a multiyear audit schedule based on this assessment.

2. Demonstrating the firm's capacity to accommodate unplanned special audits as emergencies arise.

3. Reviewing and reporting on the adequacy and effectiveness of the control environment and internal control structure.

4. Continuously assessing risk areas and providing recommendations to the Audit Committee as necessary.

5. Offering recommendations to enhance the County’s internal controls, accounting practices, and operational procedures.

6. Reviewing compliance with policies and federal/state mandates, reporting any non-compliance, and suggesting improvements.

7. Reporting any inaccuracies or irregularities found during audits along with recommendations for improvement.

8. Providing annual follow-up reports on remediation of findings throughout the year.

9. Ensuring staff availability for at least two meetings per year with the Audit Committee to discuss internal audit reports.

Period of Performance
The initial term of the contract will be one year from the date of award, with options for three additional one-year extensions.

Place of Performance
The services will be performed in Grand County, Utah.