Bids Are Invited For Development Of A Formal Internal Control Framework

Development Of A Formal Internal Control Framework . Um Is Seeking To Develop A Formal Internal Control Framework Based On The Control Framework Promulgated By The Committee Of Sponsoring Organizations Of The Treadway Commission (Coso), Or A Similar Standard. The Engagement Will Include The Review And Enhancement Of Existing Internal Control Structures At Um To Ensure They Support Operational Effectiveness And Efficiency, Reliability Of Financial Reporting, And Compliance With Applicable Laws And Regulations, Including Stewardship Of Um Resources. The Framework Will Include Best Practices, Including Connections To The Um&Rsquo;S Enterprise Risk Management Program, And Will Be Used By Um Financial Services And Business Officers Across The Institution To Develop And To Evaluate The Effectiveness And Efficiency Of Internal Controls At The Um. A Budget Of $65,000 Cad Before Applicable Taxes. . Closing Date: January 31, 2024 At 2:00 P.M. (Winnipeg Time) Addenda: Please Note That Bidders Are Required To Monitor The Site Where The Competition Is Hosted, I.E. The Bonfire Submission Portal Service, For All Addenda. It Is The Responsibility Of The Bidder To Ensure All Addenda Were Received And To Acknowledge Receipt Of All Addenda On The Bid Form. Failure To Comply May Result In Your Bid Being Rejected. Contact: James Tharayil By Email At: [email protected]