Notice Information
Notice Title
Financial Audit Services
Notice Description
Financial Audit Services o Provide reasonable assurance over NESO's financial records in accordance with applicable accounting standards (IFRS ). o Verify that financial statements are free from material misstatements due to fraud, error, or irregularities. o Evaluate internal financial controls, focusing on risks associated with financial misreporting, operational inefficiencies, or compliance failures. o Provide an audit opinion on the true and fair representation of NESO's financial position, performance, and cash flow. o Conduct testing of key accounts to provide reasonable assurance over the financial assertions. o Update NESO leadership and Audit & Risk Committee (ARC) regarding relevant changes in legislation and regulation. o Report on external audit progress to NESO leadership, including attendance at bi-monthly ARC meetings and other board or committee meetings as required. o Provide guidance to NESO leadership in particular the Chief Financial Officer (CFO), chair of ARC, director of financial control, and the accounting & reporting lead on accounting and financial matters. o Liaise and coordinate with the CFO, director of financial control and accounting & reporting lead via a monthly progress meeting to ensure full exchange of information. o Produce an annual SOC1 report evaluating the effectiveness of NESO financial controls in relation to transmission revenue charging, for external distribution to UK transmission owners, including National Grid Electricity Transmission (NGET).
Procurement Information
NOTE: "technical reasons" used to enable the publication of this notice on Find a Tender. Please see below for a description of the circumstances surrounding the award of this contract. NESO Published a PIN notice on the 11th of November (under Procurement identifier (OCID): ocds-h6vhtk-04b588) pursuant to the Utilities Contracts Regulations 2016 (UCR) Further to the Cabinet Office guidance on the transitional arrangements, NESO accepts that its use of a PIN as a call for competition was incorrect and that the opportunity should have been advertised using a UCR compliant contract notice. The award of this contract is therefore governed by the Procurement Act 2023. Other than this technical error, NESO is satisfied that it complied with the general procurement principles of equal treatment, transparency and proportionality and that the procurement process was successful in identifying the most advantageous tender The process has now concluded and NESO will be making a direct award to the supplier that submitted the most advantageous tender . NESO will publish a Contract Award Notice in due course.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-058b79
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/050277-2025
- Current Stage
- Award
- All Stages
- Award
Procurement Classification
- Notice Type
- UK6 - Contract Award Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Direct
- Procurement Method Details
- Direct award
- Tender Suitability
- SME, VCSE
- 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
- Not specified
- Lots Value
- Not specified
- Awards Value
- £1,850,000 £1M-£10M
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 20 Aug 20256 months ago
- Submission Deadline
- Not specified
- Future Notice Date
- Not specified
- Award Date
- 19 Aug 20256 months ago
- Contract Period
- 5 Sep 2025 - 5 Sep 2030 Over 5 years
- Recurrence
- Not specified
Notice Status
- Tender Status
- Complete
- Lots Status
- Complete
- Awards Status
- Pending
- Contracts Status
- Not Specified
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- NATIONAL ENERGY SYSTEM OPERATOR LIMITED
- Contact Name
- Not specified
- Contact Email
- nesoprocurement@neso.energy
- Contact Phone
- Not specified
Buyer Location
- Locality
- WOKINGHAM
- Postcode
- RG41 5BN
- Post Town
- Reading
- Country
- England
-
- Major Region (ITL 1)
- TLJ South East (England)
- Basic Region (ITL 2)
- TLJ1 Berkshire, Buckinghamshire and Oxfordshire
- Small Region (ITL 3)
- TLJ16 Berkshire West
- Delivery Location
- Not specified
-
- Local Authority
- Wokingham
- Electoral Ward
- Winnersh
- Westminster Constituency
- Wokingham
Further Information
Notice Documents
-
https://www.find-tender.service.gov.uk/Notice/050277-2025
20th August 2025 - Contract award notice on Find a Tender -
https://www.find-tender.service.gov.uk/Notice/050242-2025
20th August 2025 - Transparency notice on Find a Tender
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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