Award

Internal Audit and Assurance

COVENTRY UNIVERSITY

This public procurement record has 1 release in its history.

Award

10 Mar 2023 at 11:46

Summary of the contracting process

The procurement process for the contract titled "Internal Audit and Assurance" was awarded to Coventry University for the provision of internal audit services in the accounting and auditing services sector. The contract, valued at £690,000 GBP, was awarded through a selective procurement method, calling off from a framework agreement. The tender period ended on September 27, 2022, with a contract period starting from February 1, 2023, until January 31, 2026. Coventry University, based in COVENTRY, West Midlands, England, is the buying organisation, and the service provider is PricewaterhouseCoopers LLP located in London.

This opportunity for business growth in the accounting and auditing services field provides a chance for large audit firms like PricewaterhouseCoopers LLP to secure contracts with educational institutions such as Coventry University. The competitive tender process aimed at ensuring compliance with auditing standards and financial control arrangements offers a strategic opportunity for audit service providers to demonstrate expertise in delivering independent appraisal, risk assurance, and financial system evaluations. Businesses with experience and knowledge of the Higher Education sector would be well-suited to compete for similar opportunities in the future.

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Notice Title

Internal Audit and Assurance

Notice Description

rovision of internal audit services. The provider will have in-depth knowledge and experience of the Higher Education sector to provide an internal audit service in compliance with the Committee of University Chairs' Audit Code of Practice, in order to conduct an independent appraisal of Coventry University's activities (excluding audits of academic provision), its financial systems and management controls. The provider will provide proactive strategic advice, suggesting meaningful improvements and risk assurance, and will bring analysis and perspective on causes of issues identified in audit findings to help us take corrective action. The internal audit service provided by the successful service provider will be responsible for providing assurance to the University's Board of Governors on all financial and related control arrangements, including business risk. As part of its function, the service provider will evaluate and report to management on the effectiveness of the systems and controls for which management are responsible.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-91d4ffb4-4213-4d28-a2da-1dedd5e8cdc5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/afb86dde-0956-4aae-b77d-06fc92fb5e3b
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

79210000 - Accounting and auditing services

Notice Value(s)

Tender Value
£690,000 £500K-£1M
Lots Value
Not specified
Awards Value
£690,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
10 Mar 20232 years ago
Submission Deadline
27 Sep 2022Expired
Future Notice Date
Not specified
Award Date
28 Dec 20223 years ago
Contract Period
1 Feb 2023 - 31 Jan 2026 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
COVENTRY UNIVERSITY
Contact Name
William Parsons
Contact Email
ad5571@coventry.ac.uk
Contact Phone
Not specified

Buyer Location

Locality
COVENTRY
Postcode
CV1 5FB
Post Town
Coventry
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG33 Coventry
Delivery Location
TLG West Midlands (England)

Local Authority
Coventry
Electoral Ward
St Michael's
Westminster Constituency
Coventry South

Supplier Information

Number of Suppliers
1
Supplier Name

PRICEWATERHOUSECOOPERS

Further Information

Notice Documents

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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