---
title: "Internal Audit Services"
ocid: "ocds-b5fd17-07d119a9-330b-41af-86b7-808d99f746fc"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-07d119a9-330b-41af-86b7-808d99f746fc"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-07d119a9-330b-41af-86b7-808d99f746fc.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-07d119a9-330b-41af-86b7-808d99f746fc.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WATER SERVICES REGULATION AUTHORITY"
published: "2017-06-02"
---

# Internal Audit Services

Buyer: WATER SERVICES REGULATION AUTHORITY  
Current stage: Award  
OCID: ocds-b5fd17-07d119a9-330b-41af-86b7-808d99f746fc

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## Summary

The WATER SERVICES REGULATION AUTHORITY recently completed a procurement process for Internal Audit Services, with a contract value of £72,600. This service falls under the CPV classification of internal audit services and was conducted through a direct award procurement method. The contract period commenced on 3rd April 2017 and extends until 31st May 2018, with the audit scope requiring approximately 70 audit days annually. The relevant locations for service delivery include the West Midlands and London, with the procurement process initiated on 2nd June 2017.

This tender presents significant opportunities for businesses specialising in internal audit services, particularly for small and medium-sized enterprises (SMEs) that can demonstrate expertise in providing independent assurance services. Suitable businesses may include those offering value-for-money reviews, tax advisory services, and expertise in fraud investigations or areas of high regulatory risk, positioning them to effectively support the requirements and objectives set by the WATER SERVICES REGULATION AUTHORITY.

## Notice

The Customer's statutory accounts are audited by the National Audit Office (NAO), who fulfil the role of external auditor. It is essential that Internal Audit (IA) liaise and work effectively with the NAO to ensure internal audits are completed to a high standard and meet NAO's assurance requirements for the external audit. Objective The IA provider must provide an independent assurance service for management by measuring and evaluating the adequacy, reliability and effectiveness of management and financial control systems. IA will be required to make recommendations based on the appraisal of each system reviewed and to provide an annual assurance report to the Accounting Officer (AO) and Audit and Risk Assurance Committee (ARAC). Scope and Key Tasks The Customer anticipates that circa 70 audit days will be used in the financial year. The Customer and the Supplier will agree an audit plan at the start of the financial year and will detail the audits required during the financial year. The audit plan will be subject to refinement throughout the year. Any work undertaken should be with the approval of the General Counsel, Executive, or her nominated representative, Delivery Director, Operations. 1. Ad-hoc Service Provision The Customer may require the Supplier to carry out ad-hoc work from time to time, such as: * value for money reviews; * tax advice; * fraud investigations; * special investigation; or * areas of high regulatory risk.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/8a60fe78-e45c-4491-b1e6-5d74eaaa3423 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Direct award |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 2 Jun 2017 |
| Submission deadline | 31 Mar 2017 |
| Future notice date | Not specified |
| Award date | 31 Mar 2017 |
| Contract period | 2 Apr 2017 - 31 May 2018 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £72,600 |
| 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 | WATER SERVICES REGULATION AUTHORITY |
| Locality | BIRMINGHAM |
| Post town | Birmingham |
| Postcode | B5 4UA |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG31 Birmingham |
| Local authority | Birmingham |
| Electoral ward | Ladywood |
| Westminster constituency | Birmingham Ladywood |
| Delivery location | TLG West Midlands (England), TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | GRANT THORNTON |

## CPV Codes

### Divisions

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

### Codes

- 79212200 - Internal audit services

## Release History

- 2 Jun 2017 at 15:53 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/8a60fe78-e45c-4491-b1e6-5d74eaaa3423

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/8a60fe78-e45c-4491-b1e6-5d74eaaa3423
  2nd June 2017 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/c2999a7f-e861-4e80-bd00-02c170af57ed
  Contract

## 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-b5fd17-07d119a9-330b-41af-86b7-808d99f746fc. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-07d119a9-330b-41af-86b7-808d99f746fc.json.