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HHC trustees approve contract negotiations to reestablish internal audit function, chair recuses
Summary
The Health and Hospital Corporation board authorized staff to negotiate a contract for professional internal-audit services up to $1.33 million over two years after an evaluation that favored a technology-forward firm; the board chair recused from discussion and the vote.
The Health and Hospital Corporation Board of Trustees on Feb. 18 authorized staff to negotiate a contract with the top-ranked respondent to a request-for-proposal for internal-audit services, approving an estimated budget of up to $1,330,000 for a two-year engagement.
The vote followed a presentation from interim CFO and assistant treasurer James Simpson, who summarized the RFP process, evaluation committee makeup and scoring. Simpson said six vendors responded, four were interviewed and the evaluation committee favored a firm that proposed a technology-enabled approach to continuous auditing and data-driven risk assessments.
The board heard that the corporation has not maintained a functioning internal-audit office since the early 2000s. Simpson reviewed the historical context: an internal-audit committee established in 1986 (resolution 303-1986) and an office of internal audit…
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