Provision of Internal Auditor Services at Greatwell Homes

About

Greatwell Homes awarded a contract to Mazars LLP for the provision of internal auditor services.

The scope of work is to determine whether the organisation's network of risk management, control and governance processes, as designed and represented by management, is adequate and functioning in a manner that ensures that: risks are appropriately identified and managed; interaction with the various governance groups occurs as needed; significant financial, managerial, and operating information is accurate, reliable, and timely; employees' actions comply with policies, standards, procedures, and applicable laws and regulations; resources are acquired economically, used efficiently, and adequately projected; programmes, plans and objectives are achieved; quality and continuous improvement are fostered in the organisation's control process; significant legislative or regulatory issues affecting the organisation are recognised and addressed appropriately; opportunities for improving management control, profitability and the organisation's image, which are identified during audits, are communicated to the appropriate level of management.

The key aims, objectives and required outcomes of this proposed contract are to: Increase services and efficiencies and improvements; improve Customer Satisfaction; achieve Value for Money; develop a flexible annual plan using an appropriate risk-based methodology, including any risks or control concerns identified by management, and submit that plan to the Audit Committee for review and approval as well as periodic updates; implement the annual audit plan, as approved, including as appropriate any special tasks or projects requested by management and the Audit Committee; maintain professional audit staff with sufficient knowledge, skills, experience, and professional certifications to meet the requirements of this engagement letter; issue periodic reports to Audit Committee informed by the best practice in internal.

The contract value is AUD 76,500.