CHEFA Internal Auditing Services

2026-11-03

Purpose The Authority requests proposals from qualified individuals and firms interested in providing internal audit functionsfor the Authority in accordance with professional auditing standards . The internal audit function will be performed to : 1 . Evaluate the reliability and integrity of management information and the means used to identify , measure , classify and report such information . 2 . Evaluating the systems established to ensure compliance with those policies , plans , procedures , laws and regulations which could have a significant impact on the organization and its operations . 3 . Evaluate the means of safeguarding assets , as appropriate , verifying the existence of such assets , and determining how effectively and efficiently they are used . 4 . Review Authority programs to assess their effectiveness in meeting their objectives . Objective The internal audit should be conducted in accordance with requirements either mandated by the State or adopted by the Board . Audits will evaluate areas based on results of the updated risk assessment of the Authority and its Component Units developed as part of this engagement . The objectives of this engagement are : • Annual testing and evaluation of one or more areas of the Authority ’ s auditable areas , taking into account risk , control weaknesses , size , and complexity of operations ; • Preparation of reports which summarize audit findings , recommend changes for strengthening internal controls and reducing identified risks , and specify time frames for implementation of such recommendations ; and • Annual review and update of the risk assessment in 2026 - 2028 .

Connecticut

2026-03-27