Notice Information
Notice Title
CPT_23_11 External Audit services
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 improve public services through our high-quality audits work. NAO sought an External Auditor who will be expected to audit the financial years ending 31 March 2025, 2026, and 2027 to an appropriate timetable. The NAO aims to have its Annual Report and Accounts (which include the financial statements) ready for publication in June each year following the 31 March year end.
Lot Information
Lot 1
The appointment of the External Auditor was subject to approval of Parliament's Public Accounts Commission at a hearing which took place in early March 2024. Examples of prior year studies can be found on the Commission website: https://committees.parliament.uk/publications?SearchTerm=value+for+money&DateFrom=&DateTo=&SessionId= The selected External Auditor will be expected to provide an opinion on whether: * the financial statements give a true and fair view for the year; * the statements are prepared in accordance with the Government Financial Reporting Manual; * the NAO's expenditure is within its Parliamentary Control Totals for the year (capital, resource, cash); and * expenditure and income have been applied correctly for the purposes intended by Parliament. The External Auditor will also be expected to: * provide an independent review of the annual statement of financial impacts arising from the NAO's work and providing an opinion on whether the reported impacts are reasonable based on the underlying methodologies on which they are prepared. * deliver a value for money study of an aspect of the NAO's operations when commissioned by the NAO's Audit and Risk Assurance Committee (ARAC) to an appropriate timetable. The nature of the topic may change. Examples of recent value for money studies have covered the NAO's Human Resources department, and Finance and Procurement. * attend meetings of the NAO's ARAC Committee and, when requested to do so, meetings of the Public Accounts Commission.
Options: The contract is anticipated to commence September 2024 for an initial period of 3 years with an option for the NAO to extend the contract for a period of up to two years subject to approval by the Public Accounts Commission (on the basis of two periods of 12 months) (potentially making it a maximum term of 5 years.
Renewal: Consideration of renewal shall be detailed within ITT Document, Suppliers are requested to refer to the published ITT document for further information.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-03c52e
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/025235-2024
- Current Stage
- Award
- All Stages
- Planning, Tender, Award
Procurement Classification
- Notice Type
- Planning 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
79212000 - Auditing services
Notice Value(s)
- Tender Value
- £583,333 £500K-£1M
- Lots Value
- £583,333 £500K-£1M
- Awards Value
- Not specified
- Contracts Value
- £700,000 £500K-£1M
Notice Dates
- Publication Date
- 9 Aug 20242 years ago
- Submission Deadline
- 10 Oct 2023Expired
- Future Notice Date
- 1 Sep 2023Expired
- Award Date
- 6 Mar 20242 years ago
- Contract Period
- Not specified - Not specified
- Recurrence
- Not specified
Notice Status
- Tender Status
- Complete
- Lots Status
- Cancelled
- Awards Status
- Active
- Contracts Status
- Active
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
- LONDON
- 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
Further Information
Notice URLs
Open Contracting Data Standard (OCDS)
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.