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Sample Request For Proposal For External Quality Assessment Services

1. The document is a request for proposal from ABC Company for an external quality assessment of its internal audit services department. 2. ABC Company is a public company that manufactures and markets medical devices with facilities across multiple states and annual revenues over $2.2 billion. 3. The RFP seeks an independent party to assess the internal audit activity's conformity with standards, evaluate its efficiency and effectiveness, and identify opportunities for enhancement.

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Usman Shafi Arain
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97 views2 pages

Sample Request For Proposal For External Quality Assessment Services

1. The document is a request for proposal from ABC Company for an external quality assessment of its internal audit services department. 2. ABC Company is a public company that manufactures and markets medical devices with facilities across multiple states and annual revenues over $2.2 billion. 3. The RFP seeks an independent party to assess the internal audit activity's conformity with standards, evaluate its efficiency and effectiveness, and identify opportunities for enhancement.

Uploaded by

Usman Shafi Arain
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Sample Request for Proposal for External Quality

Assessment Services
January xx, 200x
Ms.
c!o A"# Assessment $irm
%2& Any Street
Anyto'n, $( 00000
)ear Ms. *
+,is letter is a Request for a Proposal -R$P. for an External Quality Assessment
-QA. of A"# #ompany Manufacturin/, 0nc. 0nternal Au1it Services.
Background: A"# #ompany, a pu2lic company, manufactures an1 mar3ets
specialty me1ical sur/ical 1evices. Manufacturin/ facilities are locate1 in t,ree
Mi14Atlantic States. )istri2ution facilities are locate1 in Pennsylvania, 0n1iana,
(ouisiana, an1 5eva1a. Sales are ma1e t,rou/, an outsource1 sales
or/ani6ation. 0n t,e fiscal year en1e1 Au/. &%, 200x, net revenues 'ere
approximately 72.2 2illion an1 assets excee1e1 72.8 2illion. $urt,er information
is availa2le on our 9e2 site* '''.a2ccompany.com.
:ur 0nternal Au1it Services )epartment consists of ;; professionals, inclu1in/
t,e vice presi1ent ',o reports to t,e presi1ent!c,ief executive officer -#E:..
+,e vice presi1ent ,as access to t,e c,airman of t,e 2oar1 an1 t,e au1it
committee.
+,e au1it function provi1es an in1epen1ent appraisal of 3ey financial an1
operational controls. +,e au1it 1epartment also s,ares 2est practices t,at
promote operational efficiencies an1 cost savin/ opportunities. :ur au1it plan is
t,e result of an annual ris3 assessment. A copy of t,e approve1 $<200x Au1it
Plan is enclose1 for your reference.
Review services to be provided: +,is R$P is for an external quality
assessment of 0nternal Au1it Services of A"# #ompany. +,e selecte1
in1epen1ent party 'ill*
1. Assess t,e 0A Activity=s conformity to +,e 0nstitute of 0nternal
Au1itor=s International Standards for the Professional Practice of Internal
Auditing.
2. Evaluate t,e 0A Activity=s efficiency an1 effectiveness in
carryin/ out its mission -as set fort, in its c,arter an1 expresse1 in t,e
expectations of A"# #ompany mana/ement..
3. 01entify opportunities to en,ance t,e 0A Activity=s mana/ement
of resources an1 'or3 processes, as 'ell as its value to A"# #ompany.
+,e response to t,is R$P s,oul1 i1entify t,e mem2ers,ip an1 cre1entials of t,e
revie' team, an1 t,e primary contact=s information. +,e revie' team 'ill inclu1e
manufacturin/ internal au1it experience.
+,e revie' 'ill 2e confi1ential, 'it, t,e results only provi1e1 to 1esi/nate1 A"#
#ompany representatives. +,e in1epen1ent party s,all prepare a 'ritten report
upon completion of t,e external quality assessment t,at is a11resse1 to t,e #E:
an1 t,e au1it committee. A presentation on t,e external quality assessment
results 'ill 2e ma1e to t,e au1it committee.
Fee Estimate Assumptions: <our fee estimate s,oul1 incorporate t,e follo'in/
assumptions*
+,e pro>ect 'ill 2e performe1 in Mont,, 200x, 'it, a preliminary report
su2mitte1 2y April 2?, 200x, an1 t,e final report issue1 2y May %8, 200x.
$ees s,oul1 inclu1e t,e cost, plus any estimate1 expenses.
Submission and Selection: Proposals for t,e external quality assessment must
2e su2mitte1 2y Jan. 20, 200x. 0nternal au1itin/ an1 our quality assessment
oversi/,t committee, ',ic, is compose1 of our c,ief financial officer, c,ief le/al
officer, an1 a mem2er of our au1it committee, 'ill revie' eac, proposal.
Selection of t,e provi1er ven1or is tentatively set for $e2. %, 200x, after
intervie's of finalists. A11itional information requests s,oul1 2e coor1inate1
t,rou/, my office at @%4000488840000.
Other Matters: Please provi1e references.
9e are loo3in/ for'ar1 to 'or3in/ 'it, you, an1 please 1o not ,esitate to contact
me if you ,ave any a11itional questions.
Sincerely,
)avi1 P. Au1itor
Aice Presi1ent, 0nternal Au1it
Attac,ment
cc* Presi1ent!#E:
Quality Assessment :versi/,t #ommittee

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