A government authority in Santa Fe, New Mexico, seeks a vendor to provide internal audit services, focusing on an independent evaluation and appraisal of agency internal controls. The scope includes assessing the adequacy and reasonableness of internal controls to ensure financial and operational reports are reliable, accurate, and timely.

The audit will also evaluate whether risk management processes are effective and significant risks are correctly identified and managed. The vendor must review the promotion of ethics and values at the governance level, compliance with policies, standards, and regulations, and address any significant legislative or regulatory compliance issues affecting the organization’s risk management processes. Additionally, the provider will assess communication among governance groups, IT security practices, and ensure that internal controls properly safeguard agency assets.