Provision of Internal / Integrated Audit Services July 2026 to June 2029

⁠⁠⁠The aim of the Internal Audit function is to provide independent, objective assurance through a systematic, disciplined approach to the evaluation of risk management, internal controls and governance processes thereby assisting Yarra Valley Water in delivering its Strategic Intent. It is also required to add value in suggesting improvements in the operations of Yarra Valley Water. Yarra Valley Water outsources these services.

This tender covers two key areas of service and the request is to respond separately to either Part A, Part B or both Part A and B.

Part A relates to the provision of traditional internal audit services that cover corporate business functions, internal systems of control and both enterprise and operational risks. Examples of the type of audit undertaken in this space could include: Internal financial controls, payroll, standing directions, cybersecurity, human resource processes and project/program management. These services will be delivered through the State Government (SPC) procurement contract.

Part B relates to the provision of internal audit services designed to independently evaluate Yarra Valley Water’s processes and systems of internal control. The focus of these audits is to assess the effectiveness and improvement of YVW’s integrated management system processes, ensuring ongoing compliance with relevant ISO certifications, including ISO 9001, ISO 14001, ISO 45001, ISO22000 (Sewage Quality), and HACCP (drinking water quality). The audits will also cover operational and field-based risks, providing assurance that existing risk controls are effective, well-documented, and consistently applied across all business groups and activities. If contracted separately, these services will be provided under a Yarra Valley Water Short form Agreement - copy attached.

Where part A and B is delivered by one service provider, this will be contracted under the State Government (SPC) procurement contract. Tenderers intending to provide both Part A and Part B services should recognise the expectation of administrative savings to be provided by undertaking both parts.