"Sample Internal Proposal - PDF"
COLORADO HOUSING AND FINANCE AUTHORITY REQUEST FOR PROPOSAL COLORADO HOUSING AND FINANCE AUTHORITY 1981 BLAKE STREET DENVER, CO 80202 REQUEST FOR PROPOSAL (RFP) External Quality Assessment (QA) to The Institute of Internal Auditor’s International Standards for the Professional Practice of Internal Auditing. POSTED: November 2, 2009 PROPOSALS DUE: DECEMBER 15, 2009 Colorado Housing and Finance Authority (CFHA) is seeking proposals from third party, independent auditing firms to conduct an External Quality Assessment (QA) of CHFA’s Internal Audit Services. Background: We are the Colorado Housing and Finance Authority. We have been in existence since 1973 and our mission is to finance the places where people live and work throughout Colorado. We provide fixed rate financing to homebuyers, small to medium sized businesses, and multifamily rental housing developers. We also provide education and technical assistance about affordable housing and economic development. We do all this through a network of partners such as banks, developers, and local governments. We do these things to build strong communities throughout Colorado. We believe strong communities make strong economies and we are proud to play a role. Our Internal Audit Services Department consists of two professionals, including the Manager of Internal Audit who reports to the General Counsel (executive level). The Manager has direct access to the audit committee. CHFA also uses a co-sourced firm to supplement our staff. This is currently Jefferson Wells. The audit function provides an independent appraisal of key financial and operational controls. The audit department also shares best practices that promote operational efficiencies and cost saving opportunities. Our audit plan is the result of an annual risk assessment. Review services to be provided: This RFP is for an external quality assessment of Internal Audit (IA) Services of CHFA. The selected independent party will: 1. Assess the IA Activity’s conformity to The Institute of Internal Auditor’s International Standards for the Professional Practice of Internal Auditing. 2. Evaluate the IA Activity’s efficiency and effectiveness in carrying out its mission (as set forth in its charter and expressed in the expectations of CHFA management). 3. Identify opportunities to enhance the IA Activity’s management of resources and work processes, as well as its value to CHFA. The response to this RFP should identify the membership and credentials of the review team, and the primary contact’s information. The review team will include financial institution internal audit experience. The review will be confidential, with the results only provided to designated CHFA representatives. The independent party shall prepare a written report upon completion of the external quality assessment that is addressed to the CEO and the audit committee. A presentation on the external quality assessment results will be made to the audit committee. Fee Estimate Assumptions: Your fee estimate should incorporate the following assumptions: The project will be performed in March, 2010, with a preliminary report submitted by April 30, 2010, and the final report issued by May 31, 2010. Fees should include the cost, plus any estimated expenses. Submission and Selection: Proposals for the external quality assessment must be submitted by December 15, 2009. Internal auditing and our quality assessment oversight committee, which is composed of our chief financial officer, general counsel, and a member of our audit committee, will review each proposal. Selection of the provider vendor is tentatively set for January 2, 2010, after interviews of finalists. Additional information requests should be coordinated through my office at 303-297-7319. Other Matters: Please provide references. We are looking forward to working with you, and please do not hesitate to contact me if you have any additional questions. Address: Manager of Internal Audit 1981 Blake Street Denver, CO 80202 Or E-Mail to email@example.com; subject line must be RFP and External Quality Assessment (QA)