About VAGO

VAGO’s vision is better lives for Victorians through our insights and influence. We will achieve this by increasing our relevance, growing our influence, investing in our people, and leading by example. Our purpose is to help the Parliament hold government to account and help the public sector to improve its performance. In pursuit of our vision, we are transforming our organisation.

We are simplifying our business, embracing technology through digital transformation, working more closely with our clients to deliver better value through our audits and keeping the trust of the Parliament and the boarder community. Our success will depend on our ability to ensure that we are efficient and effective, and our approach to our control environment is commensurate with our size and role.

Introduction

To assist the Auditor-General, VAGO management and the Audit and Risk Committee and also to comply with the requirements of the Standing Directions under the Financial Management Act 1994, VAGO establishes and maintains an adequately resourced independent internal audit function appropriate for its needs. VAGO seeks to appoint a provider for professional and value-added internal audit services.

After multiple years with the current internal audit service provider, VAGO aims to evaluate market options and assess value for money through a procurement process.

The provider will work with the Chief Audit Executive (CAE) to assist VAGO and the Audit and Risk Committee to deliver an internal audit function that is risk-focused and encompasses all aspects of VAGO operations. The internal audit provider will be engaged to improve the efficiency and effectiveness of VAGO’s operations, support the reliability of financial reporting and ensure compliance with policies, laws and regulations.

The provider will deliver internal audits that cover core operations, financial operations, internal controls, compliance and governance and other areas of risk. Where specialist subject matter expertise is required for internal audits, this may be contracted separately.

Briefings

Prospective supplier queries session

A briefing session will be held on 20 May 2024 11:45 am.

Notes: Please contact Rachel Challis, Director, Strategic Governance and Risk(rachel.challis@audit.vic.gov.au) for any queries. Link to access Teams event invitation: https://teams.microsoft.com/l/meetup-join/19%3ameeting_OGU1MTBmYjctODU5MC00MjM1LWI5YTYtZjlhNDNmOTcxZTkz%40thread.v2/0?context=%7b%22Tid%22%3a%222c7f1f78-afc6-43de-bfdd-cf12c4016c70%22%2c%22Oid%22%3a%22cecd5a37-8f8b-4653-9075-a3443fb57293%22%7d

Registration closes on 19 May 2024 05:00 pm