Provision of Quality Monitoring Services to the Wales Audit Office

Contract details

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ID:

49417

OCID:

ocds-kuma6s-046475

Contract type:

Services

Procedure type:

Open

Contract award notice ref:

JUL143376

Internal ref:

Portal Ref: 49417

Contact catergory:

C - Local contract let on behalf of one buyer

Buyer:

Wales Audit Office

Primary CPV code:

N/a

Additional CPV code(s):

Is framework:

No

Carbon reduction plan:

Options:

Description:

To participate in this procurement prospective suppliers must have significant professional standing and substantial experience of reviewing the quality of audit work in professional audit firms or other organisations, for example as a UK Recognised Supervisory Body (or a division of such a body) under Schedule 10 of the Companies Act 2006. The Financial Audit Practice is led by an Assistant Auditor General and incorporates all operational Financial Audit staff, as well as an Information Management and Technology Audit Team and a Financial Audit Technical Group. It currently employs a total of 130 staff (full time equivalent of 123). Under the existing arrangements, Wales Audit Office staff deliver around 86 per cent of the annual financial audit work and private sector accountancy firms perform around 14 percent. The Financial Audit Practice audits the accounts of public sector bodies and certifies grant claims and returns, along with other examinations and governance work. The Practice generates fee income of over £6 million from the financial audits. The Wales Audit Office is seeking to appoint a supplier to provide some quality monitoring services to the Financial Audit Practice with effect from the 2015-16 audit year. The contract will be for an initial period of three years with an option to extend for an additional year.

Purchasing team:

N/a

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Contract dates

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Date awarded:

12 July 2016

Start date:

-

End date:

-

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Contract extensions

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Max extension options available:

0 (months)

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Additional information

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Additional information:

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Contact details

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Contract name:

Terry Jones

Contract email:

tenders@audit.wales

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