Award

Financial Audit Frameworks 2019 Bundle 7 Culture, Media and Sport

NATIONAL AUDIT OFFICE

This public procurement record has 1 release in its history.

Award

11 Nov 2019 at 16:46

Award Notice
Summary of the contracting process

The National Audit Office is seeking tenders for a complete financial audit of various organisations within the cultural and sports sectors under the contract titled "Financial Audit Frameworks 2019 Bundle 7 Culture, Media and Sport." This procurement falls under the services category for financial auditing, with a total value of £1,237,920. The tender process was conducted using a selective procurement method via a call-off from a framework agreement, with the tender period concluding on 26th September 2019. The contract commenced on 23rd October 2019 and runs until 3rd November 2021, covering a range of entities including the Arts Council of England and Sports England, located primarily in London, postal code SW1W 9SP.

This contract presents significant opportunities for large auditing firms specialising in financial services to expand their portfolios within the public sector. Eligible businesses that possess the necessary expertise in delivering comprehensive audit services, particularly those experienced with governmental and charitable organisations, will find a competitive advantage in bidding for this contract. The comprehensive nature of the required deliverables, including audit planning reports and completion reports, indicates a demand for thorough and high-quality service, making this an ideal opportunity for established firms like KPMG Audit Plc, which is currently the active supplier.

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Notice Information

Notice Title

Financial Audit Frameworks 2019 Bundle 7 Culture, Media and Sport

Notice Description

Audit of the financial statements of the following bodies for the 2019-20 and 2020-21 audit cycles: - Arts Council of England (Lottery and grant-in-aid accounts) - British Film Institute - Charity Commission - Official Custodian for Charities - The English Institute of Sport Ltd. - English Sports Development Trust Ltd. - Sport England (Lottery and Grant-in-aid accounts) - The Sports Council Trust Company - UK Sport (Lottery and Grant-in-aid accounts) For each audit cycle, and for each of the accounts the following outputs are required: * Audit Planning Report; * ISA-compliant audit; * Shadow audit certificate; * Audit Completion Report and Management Letter; and * Attendance at audit committees.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-29478866-1278-42af-b972-d7a7312d85fa
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fd1550ce-89fd-45ae-aec1-1deea50536f7
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79212100 - Financial auditing services

Notice Value(s)

Tender Value
£1,237,920 £1M-£10M
Lots Value
Not specified
Awards Value
£757,080 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
11 Nov 20196 years ago
Submission Deadline
26 Sep 2019Expired
Future Notice Date
Not specified
Award Date
30 Sep 20196 years ago
Contract Period
31 Oct 2019 - 30 Oct 2021 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NATIONAL AUDIT OFFICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1W 9SP
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
Pimlico North
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG AUDIT

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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