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Framework Agreements for Consultancy Services to Support the Internal Audit Department

Luxembourg, 16 October 2018


Framework Agreements for consultancy services to support the Internal Audit Department.

This call for tenders is divided into 2 (two) distinct lots, each representing a different domain or market:

  • Lot 1: Banking, Regulatory requirements of CRD IV/CRR and General Administration,
  • Lot 2: Information Technology.

Background of the subject matter

The objective of this Call for Tenders is to request proposals for the establishment of two Multiple-Operator Framework Agreements for up to 4 years to perform tasks in the Internal Audit Department, if and when these are needed. All interested economic operators meeting the minimum requirements are invited to submit a tender.

IA is responsible for internal audit services. It is composed of two Divisions. The Heads of IA Divisions will supervise the FA Service Providers' work. For each contract awarded under the Framework Agreement, an IA auditor will be in charge of directing the work of the FA Service Provider.

IA's overall objective is to provide a reasonable assurance that the International Bank Group is operating properly and efficiently. IA tests the efficiency and effectiveness of existing internal control systems to ensure that adequate financial, banking and operational controls are in place to cover the associated risks. The audits of control frameworks are included in the Audit Plan that provides a rolling 3-year horizon on proposed audit activity. In addition, IA may require ad-hoc Assignments on specific issues on a decision of the Management Committee, the Audit Committee, the President of the Bank, or the Secretary General.

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