---
title: "Co-Sourcing Internal Audit Partner - Award Notice"
ocid: "ocds-b5fd17-06ba5fe3-6fae-4809-beb1-756cdd55856a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-06ba5fe3-6fae-4809-beb1-756cdd55856a"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-06ba5fe3-6fae-4809-beb1-756cdd55856a.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-06ba5fe3-6fae-4809-beb1-756cdd55856a.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "Financial Ombudsman Service"
published: "2026-10-20"
---

# Co-Sourcing Internal Audit Partner - Award Notice

Buyer: Financial Ombudsman Service  
Current stage: Award  
OCID: ocds-b5fd17-06ba5fe3-6fae-4809-beb1-756cdd55856a

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## Summary

The Financial Ombudsman Service has procured internal audit co-sourcing services to support delivery of its internal audit plan. The work provides specialist assurance expertise or additional capacity when required, complementing the organisation’s internal audit capability. Services are delivered in London. This is a demand-led requirement rather than a single defined audit assignment, so suppliers need to be able to provide assurance support as needs arise under the call-off arrangement.

The procurement is complete and the contract was awarded to KPMG LLP on 6 August 2026. It was a selective call-off from the Crown Commercial Service Audit and Assurance Services Two framework, Lot 1. The awarded value is £2.5 million. The contract runs from 12 October 2026 to 11 October 2029, with options for two further one-year extensions, giving a maximum aggregate term of five years. The competition deadline was 16 April 2026. The published information does not set out the evaluation criteria or how bids were scored. The requirement was identified as suitable for small and medium-sized enterprises.

For suppliers considering a future requirement from the Financial Ombudsman Service, this award demonstrates demand for flexible internal audit support that can augment an established audit plan with specialist assurance expertise and extra delivery capacity when needed. Credible competitors would need a broad enough pool of skilled internal audit professionals to respond to changing demand, alongside the ability to provide reliable assurance work within a co-sourcing model. Experience supporting internal audit functions and delivering specialist assurance assignments would be relevant. The framework call-off route is also commercially significant: suppliers would need access to the applicable framework and the capability to compete through its process. The buyer considered the requirement suitable for smaller businesses, indicating that scale alone need not rule out a capable supplier.

## Notice

The Financial Ombudsman Service has awarded a demand-led call-off contract under the CCS Framework RM6310, Audit and Assurance Services Two, Lot 1, for the provision of internal audit co-sourcing services. The contract is for an initial term of 3 years, with the option to extend by up to two further periods of 1 year each (total 5 years aggregate). The contract will support delivery of the internal audit plan by providing access to specialist assurance capability where additional expertise or capacity is required.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/b93f0081-5052-4829-918b-9ed4bb8283b7 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 20 Oct 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 6 Aug 2026 |
| Contract period | 12 Oct 2026 - 11 Oct 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £2,500,000 |
| Lots value | Not specified |
| Awards value | £2,500,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | Financial Ombudsman Service |
| Locality | LONDON |
| Postcode area | East London |
| Postcode | E14 9SR |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Canary Wharf |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | KPMG LLP |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79212200 - Internal audit services

## Release History

- 20 Oct 2026 at 08:55 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/b93f0081-5052-4829-918b-9ed4bb8283b7

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/b93f0081-5052-4829-918b-9ed4bb8283b7
  20th October 2026 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-06ba5fe3-6fae-4809-beb1-756cdd55856a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-06ba5fe3-6fae-4809-beb1-756cdd55856a.json.