Award

Internal Audit Services

LEGAL SERVICES BOARD

This public procurement record has 2 releases in its history.

Award

05 Dec 2023 at 15:32

Award Notice
Tender

15 Aug 2023 at 12:37

Tender Notice
Summary of the contracting process

The Legal Services Board (LSB) is seeking a supplier to provide internal audit services starting from 1st April 2024. This public body, responsible for overseeing lawyer regulation in England and Wales, aims to ensure corporate governance, risk management, and operational controls. The procurement process, currently at the award stage, involves an open procedure and covers a contract period from 2024 to 2027, based in London.

This tender presents an opportunity for businesses offering internal audit services to collaborate with the LSB. Businesses well-versed in corporate governance, risk management, and IT are ideal candidates to compete for this contract. With a focus on serving the legal sector and reshaping legal services, this tender aligns with LSB's objectives to meet societal demands and ensure regulatory compliance for lawyers in England and Wales.

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Notice Information

Notice Title

Internal Audit Services

Notice Description

The Legal Services Board (LSB) is looking to appoint a suitably qualified third party to undertake internal audit services. As a public body, we are required to have a service as part of our overall governance arrangements and - as a very small organisation - we do not have in-house audit capability. We are looking for a supplier who can work in partnership with LSB managers to deliver the core audit brief to a high standard. The current provider is Crowe LLP. A service provider is expected to be appointed effective from the 1 April 2024. Please contact Ethan Fleming, Corporate Governance Manager, tenders@legalservicesboard.org.uk, if you have any questions or require any clarification. Enquiries received after the deadline for questions may not be answered. A summary of the questions received and LSB's response will be published on Contracts Finder. The Legal Services Board is the independent body responsible for overseeing the regulation of lawyers in England and Wales. In all our work, we seek to promote the eight regulatory objectives set out in the Legal Services Act 2007. We share our regulatory objectives with the 'approved regulators' of the legal profession, each of which have direct responsibility for the day-to-day regulation of the different types of lawyers. Our strategy for the legal services sector outlines our vision to reshape legal services to better meet society's needs. The LSB is an arm's length body of the Ministry of Justice, funded by a levy on the legal sector. Details on the Board and LSB's governance, including terms of reference for committees and governance policies are available on the LSB website. The LSB has a small office in central London, near Tottenham Court Road. Since the pandemic, the LSB has been operating on a hybrid basis. LSB will require independent assurance about: * corporate governance; * risk management; * performance, operations and delivery; * key financial and operational controls; * IT ; * human resources; * management information and information security; * fraud, error and whistleblowing policies; * project and programme management; and * change management. The provider will draft and agree with the LSB an internal audit strategy for the period of the contract. The strategy will be broken into an annual plan each year. The successful bidder will provide an internal audit service in accordance with the annual internal audit plan for the financial years 2024/25, 2025/26 and 2026/27. At the end of each year the provider will prepare a written annual report and opinion and present it to the LSB's Audit and Risk Assurance Committee (ARAC). Additionally, the provider will be required to attend and to present reports at the LSB's ARAC meetings (currently virtual). Full details may be found in the ITT attached to this notice

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-87d5c792-19ae-4910-af87-460d0a861248
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f46a0c3d-032b-4cba-a774-4fdd6f5fada2
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79212200 - Internal audit services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£17,820 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
5 Dec 20232 years ago
Submission Deadline
2 Oct 2023Expired
Future Notice Date
Not specified
Award Date
17 Nov 20232 years ago
Contract Period
31 Mar 2024 - 31 Mar 2027 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
LEGAL SERVICES BOARD
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
WC1A 1DE
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI36 Camden
Delivery Location
TLI London
Local Authority
Camden
Electoral Ward
Holborn & Covent Garden
Westminster Constituency
Holborn and St Pancras

Supplier Information

Number of Suppliers
1
Supplier Name

CROWE

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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