Award

NU/1847 Internal Audit Co-Source Provider

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Award

20 Jul 2023 at 07:15

Award Notice
Summary of the contracting process

Newcastle University has awarded a contract for internal audit co-sourcing services with a total value of £300,000. The procurement stage was completed, and the contract period is from August 1, 2023, to July 31, 2024. Mazars LLP is the supplier for this contract, which is classified under internal audit services in the services category. The tender period ended on June 16, 2023, and the contract will be delivered in England, United Kingdom.

This tender provides an opportunity for businesses specializing in IT internal audit services to compete and potentially grow their client base. Companies offering expertise in developing internal audit plans, carrying out internal audits, and providing IT risk and controls support would be well-suited to participate in this contracting process led by Newcastle University. The contract period spans a year, offering a stable revenue stream for the successful supplier.

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Notice Information

Notice Title

NU/1847 Internal Audit Co-Source Provider

Notice Description

The scope of this contract is to support the in-house internal audit team with the provision of IT internal audit services to the University as follows: Development of Internal Audit Plan To contribute substantially to the design and update of the annual internal audit plan, through consultation with the Head of Internal Audit and key stakeholders within the organisation. Delivery of Internal Audit Plan To carry out planned and ad hoc internal audits, including: * The identification and documentation of key risks * The identification and documentation of key processes, policies and systems, by examining documents and discussion with key personnel * Liaison with stakeholders and Head of Internal Audit including managing the administration of availability for meetings, ensuring key touchpoints are booked in sufficiently in advance to enable the audit work to be completed within agreed timeframes * Leading meetings with stakeholders during planning, fieldwork and close out of the audits * The development of test plans * Testing of control design and operational effectiveness, and analysing the root causes and impact of associated findings * Making relevant, practical recommendations and obtaining stakeholder buy-in * Drafting audit reports and updating for Head of Internal Audit and stakeholder feedback Audit, Risk and Assurance Committee Contribute to reporting to Audit, Risk and Assurance Committee and attend where requested. Insight and Support To provide additional relevant insight and support to the Head of Internal Audit and key stakeholders in respect of IT risk and controls, beyond the delivery of internal audits, for example supporting the IT risk management process and embedding of a more robust three lines of defence model

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c471c10d-356b-4f1a-ada4-89926299953b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3fe899a3-6783-491a-8526-497ea6bab912
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
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

79212200 - Internal audit services

Notice Value(s)

Tender Value
£300,000 £100K-£500K
Lots Value
Not specified
Awards Value
£300,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Jul 20232 years ago
Submission Deadline
16 Jun 2023Expired
Future Notice Date
Not specified
Award Date
3 Jul 20232 years ago
Contract Period
31 Jul 2023 - 31 Jul 2024 1-2 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
NEWCASTLE UNIVERSITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE1 7RU
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
1
Supplier Name

MAZARS

Further Information

Notice Documents

Notice URLs

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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