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Financial Audit and Assurance Services Contract

National Audit Office

This public procurement record has 1 release in its history.

Award

15 Dec 2021 at 10:50

Award Notice
Summary of the contracting process

The National Audit Office (NAO) is conducting a procurement process for the "Financial Audit and Assurance Services Contract," which falls under the accounting, auditing, and fiscal services industry category. The tender, initiated via an open procedure, has reached the award stage, with a total contract value of £39,009,747.80. The procurement period concluded on 1st August 2021, and the contract is set to commence on 2nd August 2021 and run until 31st July 2026. This contract covers delivery locations across the UK, British Overseas Territories, and various regions in Europe.

This contract presents a significant opportunity for large audit and financial service firms to engage in high-quality audit services, essential for effective financial reporting and management in public bodies. Businesses with expertise in auditing and accounting are particularly well-suited to compete, especially those capable of delivering comprehensive training and development services to support the NAO’s objectives. The competitive environment will likely attract established firms, though smaller entities with specialised offerings may also find niches to explore within the additional services outlined in the contract.

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Notice Information

Notice Title

Financial Audit and Assurance Services Contract

Notice Description

The National Audit Office (NAO) is the UK's independent public spending watchdog. We support Parliament in holding government to account and we help to improve public services through our high-quality audits. The NAO's Financial Audit Contract is a fundamental part of being able to carry out our purpose and achieve our objectives. We are partnering with supplier firms to ensure the delivery of high-quality audits which support effective accountability and lead to better financial reporting and financial management by public bodies. Our contract is divided into 11 Lots which all contain named audits as well as additional services and training and development. The NAO's Comptroller and Auditor General (C&AG) retains overall responsibility for signing the audit opinion and issuing the audit certificate. The NAO will work with supplier firms to ensure audit engagements are carried out in line with the relevant standards and quality expectations.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c68ac942-4cde-43eb-9b58-a02fbf6b8ac0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/35e6eb17-9baf-4d79-b5c5-6f291d53ef86
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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

79200000 - Accounting, auditing and fiscal services

Notice Value(s)

Tender Value
£39,009,747 £10M-£100M
Lots Value
Not specified
Awards Value
£39,009,747 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
15 Dec 20214 years ago
Submission Deadline
1 Aug 2021Expired
Future Notice Date
Not specified
Award Date
1 Aug 20215 years ago
Contract Period
2 Aug 2021 - 31 Jul 2026 4-5 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
VICTORIA
Postcode
SW1W 9SP
Postcode Area
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
5
Supplier Names

Deloitte LLP

KPMG LLP

Ernst & Young LLP (EY)

Azets Audit Services Limited

Forvis Mazars LLP

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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