Outsourced Internal Audit Services

The Canada Deposit Insurance Corporation (“CDIC”) has a requirement to establish a contract for outsourced internal audit services, as further described in Schedule “A” (Statement of Work) of this RFP. The Supplier will provide Chief Audit Executive services, and develop and execute an audit plan, taking a risk-based approach that is aligned with CDIC’s corporate objectives, providing actionable recommendations and transparent reporting to management and the Audit Committee. Services will be delivered with professional skepticism, independence and due professional care.

This RFP establishes a process for identifying a top ranked bidder. The top ranked bidder will be recommended to the Audit Committee of CDIC’s Board of Directors for approval to proceed. If approved, the top ranked bidder may be invited to enter into negotiations with CDIC to finalize an agreement for the provision of the services in accordance with the process set out in this RFP, and any document referenced by CDIC in this RFP.

The Initial Term of the Agreement will be three (3) years with up to five (5) years of renewal options, to be exercised in CDIC`s sole and absolute discretion, individually or in multiples.

Addendum #1.