Provision of internal audit services

The Media Development and Diversity Agency (MDDA) is a statutory development agency for promoting and ensuring media development and diversity, set up as a partnership between the South African Government and major print and broadcasting companies to assist in developing community and small commercial media in South Africa, in terms of the MDDA Act No. 14 of 2002.

The MDDA calls for proposals (quotations included) for the appointment of an experienced; and reputable and registered service provider to conduct the internal audits and update the risk management plan/strategy and fraud prevention plan/strategy in accordance to the Public Finance Management Act (PFMA); Internal Standards as set out by the Institute of Internal Auditors of South Africa and King II report.

1. Terms of reference

1.1. This would include drawing up a three (3) year rolling audit plan in line with the MTEF.
1.2. Conducting audits in terms of year plan and reporting to various levels management and audit committee.
1.3. Conducting ad-hoc assignments as assigned by management including special investigations.
1.4. Provide assistance to management and the audit committee in identifying, evaluation and implementing the risk management plan and mitigating risk.

2. Required skills and experience

2.1 Prospective service providers must be able to review the entire operations of MDDA in particular risk management and governance; information technology (IT); performance information audits; forensic investigations in addition to the normal regularity and compliance audit.
2.2 The proposal should clearly set out how the service provider will assist the MDDA in the above mentioned areas (Terms of Reference) and further give specific comments regarding the ability to work within the above-mentioned standards.

3. Process

Interested individuals/and or organisations should submit the following information to Ms Hariet Mhlanga () by 19 October 2007:

1. An organisational profile or CV, with three contactable referees
2. CV's of the people who will be responsible for the project
3. Submit an outline of the process to be followed
4. Detailed work plan and budget
5. Details of the HDI information of the bidder
6. Tax clearance certificate

Potential bidders are invited to a briefing to be held on the 12th October 2007, 15h00, at the MDDA Boardroom, 15 Sherborne Road, Parktown.

4. Reference documents

• MDDA Act, No.14 of 2002
• MDDA Regulations, No. 25570 of 2003
• Public Finance Management Act of 1999
• Treasury Regulations
• Etc.

[All reference documents are available on the MDDA website at www.mdda.org.za and the Government website, www.gov.za ]

5. Timeframes

The contract will be awarded for a period of three years (from April 2008), as determined by the MDDA on its discretion and satisfactory outputs/deliverable.

Kindly submit your proposal to conduct the above and a reasonable quotation, by email to:

Ms Hariet Mhlanga
Email:
Tel: 011 726 3336

Submission deadline: 19 October 2007
Time: 12h00