Specifications include, but are not limited to: A. Assess the audit activities, as is required every three years, in order to be in compliance with the Texas Internal Auditing Act and Generally Accepted Government Auditing Standards (GAGAS). B. Assess the efficiency and effectiveness of each audit activity in relation to its audit charter, expectations of the Texas Transportation Commission and its audit subcommittee, TxDOT executive management, other stakeholders and assurance providers, and the Chief Audit and Compliance Officer. C. Appraise the risk to the organization if the results indicate the audit activity is performing at less than an effective level or is not in conformance with one or more of the Standards. D. Provide an opinion on the applicable audit activity’s conformance with The Institute of internal Auditor’s Definition of Internal Auditing and Code of Ethics, and International Standards for the Professional Practice of Internal Auditing, and GAGAS. E. The overall rating scale to be used shall be as follows: (i) Pass/Generally Conforms; (ii) Pass with Deficiencies/Partially Conforms; and (iii) Fail/Does Not Conform F. Identify opportunities for improving effectiveness of the audit activity, based on industry best practices.