Specialized Internal Audit of the City of Brampton's Treasury Services and Investment Management Function

The City of Brampton is seeking a qualified consultant under RFP2026-309 to conduct a specialized, assurance-based internal audit of its Treasury Services and Investment Management function. The scope of work involves a comprehensive review of the Banking and Investments business unit, focusing on investment management, treasury and liquidity, risk management, and banking and debt activities. The audit will assess governance structures, internal controls, and compliance with legislation and Council policies for the period from January 1, 2024, to December 31, 2026. The engagement must be performed in accordance with the Institute of Internal Auditors Global Internal Audit Standards and applicable professional auditing practices. The project is expected to commence in November 2026, with a draft report due within two months of fieldwork and a final report required by February 1, 2027, to support an Audit Committee presentation on February 16, 2027. This lump sum contract will be awarded to the bidder providing the lowest price per point, calculated by dividing the total contract price by the technical score. Technical evaluation heavily weights the bidder's company profile, team qualifications, and project delivery approach. Mandatory submission requirements include an organizational chart, team resumes, and a detailed work plan. The successful consultant must maintain commercial general liability insurance of at least 2 million dollars and comply with the Municipal Freedom of Information and Protection of Privacy Act and the Accessibility for Ontarians with Disabilities Act.