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Tender Notice for Internal Audit Services

Reserve Bank of Vanuatu (RBV)

Deadline for Submission Monday, 02 December 2024

● RBV is seeking an expert audit firm to conduct comprehensive internal audits covering key financial, operational, systems and compliance functions!

● Contract Outsourced position open to All Applicants

● Based in Port Vila

The Organisation

The Reserve Bank of Vanuatu (RBV) endeavors to:

  • Regulate the issue, supply, availability and international exchange of money.

  • Supervise and regulate banking business and the extension of credit.

  • Advise the Government on banking and monetary matters.

  • Promote monetary stability.

  • Promote a sound financial structure.

  • Foster financial conditions conducive to the orderly and balanced economic development of Vanuatu, and to regulate and supervise domestic and international (offshore) banks.

The Tender

The Reserve Bank of Vanuatu (RBV) invites reputable, qualified, and experienced firms to submit proposals for the provision of outsourced internal audit services. The aim is to enhance RBV internal control processes and ensure compliance with international audit standards.


The audit firm to conduct comprehensive internal audits covering key financial, operational, systems and compliance functions. The selected firm will work closely with RBV management to identify and mitigate risks, improve operational efficiency, and ensure alignment with applicable laws and regulations.

Essential Selection Criteria

► Must have proven experience and access to expertise in internal audit services to financial institutions and central banks.

► Should have expert knowledge and experience in conducting internal audits and assurance on control systems in an IT environment.

► Shall not be the external auditor of the RBV as internal audit services by the external auditor are prohibited under the requirements of International Standards on Auditing (ISA).

► Ability to deploy resources on-site in Vanuatu, if necessary.

Tender Notice

Please read the tender notice before applying. Download with this link:

Submission Guidelines

Interested firms are requested to submit the following proposals;

  1. Firm's profile, experience, and accreditation details

  2. Methodology and approach to internal audit services.

  3. Proposed team members with relevant qualifications.

  4. Detailed pricing structure

  5. References from similar engagements.


Submission Address:

All submissions in a sealed enveloped marked

“Tender for Outsourcing of Internal Audit Services” to:


Mr. August Letlet

Governor

Reserve Bank of Vanuatu

PMB 9062,

Emile Mercet Street

Port Vila

Vanuatu


Contact Information:

For inquiries, please contact the following;

Mr. August Letlet

Governor

Reserve Bank of Vanuatu

Contact: 23333

 

Mrs. Annaelle Rolland

Executive Secretary

Contact: 23333

Deadline for Submissions Monday, 02 December 2024


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