Award

Internal Audit Services

AUDIT SCOTLAND

This public procurement record has 3 releases in its history.

Summary of the contracting process

Audit Scotland, situated in Edinburgh, is undertaking a tender for "Internal Audit Services," with an estimated contract value of £128,000. This procurement falls under the services category and aims to enhance the organisation's corporate governance through independent auditing measures. The procurement method specified is an open procedure, and the tender period concluded on 16 December 2021. Future communications regarding this tender were expected after 15 November 2021, indicating keen interest in prompt and effective management of the procurement process.

This tender presents a significant opportunity for growth, particularly for firms specialising in audit and consultancy services. Businesses with experience in public sector audits, especially those who can adhere to the Public Sector Internal Audit Standards, would find themselves well-placed to compete. Given the nature of the service and anticipated requirements for thorough auditing, companies with a track record in providing similar services to public entities will be at a distinct advantage.

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Notice Title

Internal Audit Services

Notice Description

Provision of Internal Audit Services

Lot Information

Lot 1

Provision of internal audit services to Audit Scotland Audit Scotland wishes to appoint a provider of internal audit services to Audit Scotland's Audit Committee for a three-year period. Audit Scotland conducts its business with propriety, openness and accountability. The use of independent external agents to carry out the internal audit function and support to the Audit Committee and Board contributes significantly to Audit Scotland's corporate governance. Internal audit activity will comply with guidance from the Financial Reporting Council, insofar as these are applicable to Audit Scotland, and will be in accordance with the Public Sector Internal Audit Standards (PSIAS). The successful provider will be required to prepare an audit needs assessment covering the three-year period, conduct around seven internal audits and a follow-up review each year and prepare an annual report and statement of assurance to the Audit Committee each year. This work amounts to about 56 audit days per annum. Note: Audit Scotland, on behalf of the Auditor General and the Accounts Commission, has commenced a tendering process for the external audit appointments for public bodies in Scotland for the period 2022/23 to 2027/28. It is an explicit condition of that appointment that the successful firm cannot be both an external audit appointment and an internal audit service provider to Audit Scotland for the period from 2022/23 to 2026/27.

Renewal: The Contract duration will be for an initial three-year period, with the option of a one-year extension resulting in a maximum Contract duration of 4 years.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000671329
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR447128
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Framework
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

79212200 - Internal audit services

Notice Value(s)

Tender Value
£128,000 £100K-£500K
Lots Value
£128,000 £100K-£500K
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
29 Apr 20223 years ago
Submission Deadline
16 Dec 2021Expired
Future Notice Date
15 Nov 2021Expired
Award Date
22 Apr 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Not Specified
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
AUDIT SCOTLAND
Contact Name
Not specified
Contact Email
imetcalfe@audit-scotland.gov.uk
Contact Phone
+44 01316251630

Buyer Location

Locality
EDINBURGH
Postcode
EH3 9DN
Post Town
Edinburgh
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM Scotland

Local Authority
City of Edinburgh
Electoral Ward
City Centre
Westminster Constituency
Edinburgh East and Musselburgh

Supplier Information

Number of Suppliers
1
Supplier Name

WYLIE BISSET

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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