Internal Audit Services

2026-11-03

• The services and work requested may include , but not limited to , a variety of internal audit services for engagements including processes such as operational , financial , information technology , compliance audits , risk assessments , fraud investigations , advisory and consulting , data analytics and professional training . o Conducting system - wide enterprise risk assessments . o Developing risk - based annual or multi - year audit plans . o Updating plans upon request by KCTCS leadership or Board of Regents . o Reviewing internal controls and operational efficiencies . o Consulting services to address areas requiring new policies and procedures . o Evaluation of compliance with federal and state laws , regulations , and grant requirements . o Special projects as assigned . o Tracking and evaluating management corrective actions . • Work shall be conducted in accordance with professional standards ( American Institute of Certified Public Accountants - AICPA , Institute of Internal Auditors - IIA , Information Systems Audit and Control Association - ISACA , Association of Certified Fraud Examiners - ACFE ) as established by successful Offeror . • Findings and recommendations to strengthen internal control and accountability within departments , colleges , and System Office will be presented to the KCTCS Board of Regents . The KCTCS Board of Regents regularly meets 4 times a year – March , June , September and December . Written reports are expected quarterly , with final determination as to face to face presentation of the reports to be determined by the BOR . o Follow - up and communication on all routine inquiries and open issues by KCTCS will be required within 5 business days . • Work assigned will be for specific engagements staffed and led by the successful Offeror ( s ) contracted for this initiative . • Personnel assigned to this work shall have the appropriate level of skills and experience to perform the engagement ( s ). • Successful Offeror shall be responsive and act with speed and flexibility . • Sub - contracting of this work is not allowable without the express written permission of the Chair of the Finance , Human Resources and Technology Committee of the Board of Regents . • Offeror will share industry knowledge and best practices with the KCTCS Board of Regents and KCTCS leadership . • All work will be performed in compliance with the US Standards of Internal Auditing . • Reimbursement for travel and subsistence expenses shall be in compliance to the KCTCS travel and expense reimbursement policy – See Exhibit A o It is KCTCS ’ preference that these costs are built into the overall pricing rather than being submitted and reimbursed separately . o Successful Offeror will perform services remotely whenever possible . Requirements for on - site visits will be engagement specific and detailed in the assigned tasks . • Maintain confidentiality of all data and related reports for KCTCS . • Offeror must have experience providing internal audit services to public sector or higher education entities ; knowledge of governmental accounting , federal grants , and compliance requirements ; qualified staffing to meet the requirements of this solicitation ; and be independent and absent of conflicts of interest .

Kentucky

2026-05-08