Request for Proposal: Establishing an Internal Audit Function

This tool contains two sample requests for proposals (RFPs) that can be used by organizations seeking a qualified service provider to establish an internal audit function. The company’s internal audit function will be responsible for evaluating and improving the effectiveness of the risk management, control and governance processes in all locations in which the company operates.

This document can be used as a general guide to understand the structure and strategy for an RFP with similar intentions. Organizations should continuously update and monitor the processes included in this document to ensure that it reflects business operations.