Tender

Audit Substantive Testing Data Automation Tool

NATIONAL AUDIT OFFICE

  • Contract Timeline

    Publication Date

    25th July 2024 10:30:09 AM

    Tender Deadline

    28th August 2024 10:00:00 AM   Expired

  • Contract Summary

    The National Audit Office (NAO) requires an off the shelf software solution to assist with automating our audit testing and documentation process, covering two use-cases within financial audit: 1.Substantive testing - Test of detail/Test of control automation Auditors spend a significant amount of time and manual effort conducting tests of detail (ToD) and tests of controls, comparing documents (such as invoices) to samples from the general ledger or other structured records for consistency. We are interested in document automation software to parse images/pdfs of audit evidence and automatically match to tabular data and output this in a manner which is easy to follow and document for the purposes of our audit testing within an excel document. 2.Financial Statement procedures Auditors are required to check the financial statements. Ensuring that (for example) the sums within the statements are internally consistent/correct. Similar to the use case above we are looking for document automation software that can automate some of this by extracting 'sums' from the document and automatically reconciling them, as well as some other processes detailed in the procurement documents. The software needs to be ready for use by 1 October 2024. The estimated total value in this notice excludes VAT and is for the duration of the maximum contract term (1+1+1).

  • Contract Details

    Open Contracting ID

    ocds-b5fd17-becdb6e5-009e-4894-a71b-b78d4b9e47b9

    Publication Source

    Contracts Finder

    Procurement Stage

    Tender

    Procurement Method

    Open

    Procurement Method Details

    Open Procedure

    Procurement Category

    Services

    Tender Suitability

    SME

    Framework / DPS

  • Contract Classification

    CPV Code(s)

    79212100

    CPV Division(s)

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

  • Awarding Authority

    NATIONAL AUDIT OFFICE

    Buyer Name

    Buyer Email

    NAO.Procurement@nao.org.uk

    Buyer Phone

    +442077987372

    Buyer Address

    157-197 Buckingham Palace Road

    Victoria

    SW1W 9SP

    UK

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