---
title: "External Assessment of Internal Audit"
ocid: "ocds-b5fd17-2a2e2b54-e9b5-4b25-bdd8-8652fb8f468c"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-2a2e2b54-e9b5-4b25-bdd8-8652fb8f468c"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-2a2e2b54-e9b5-4b25-bdd8-8652fb8f468c.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-2a2e2b54-e9b5-4b25-bdd8-8652fb8f468c.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "PENSION PROTECTION FUND"
published: "2021-02-24"
---

# External Assessment of Internal Audit

Buyer: PENSION PROTECTION FUND  
Current stage: Award  
OCID: ocds-b5fd17-2a2e2b54-e9b5-4b25-bdd8-8652fb8f468c

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## Summary

The Pension Protection Fund has successfully completed a tender for the "External Assessment of Internal Audit" project, which falls under the category of Business and Management Consultancy Services. This procurement process, conducted via a limited method, involved a competitive quotation process due to its value of £58,300, with contract performance running from 1st February 2021 to 31st July 2021. The tender period concluded on 7th December 2020, and the assessment’s objectives were to ensure compliance with Public Sector Internal Audit Standards, review organisational impact, and identify areas for continuous improvement. The contracting authority is located in Croydon, London.

This opportunity represents a potential growth avenue for consultancy firms, particularly small and medium enterprises (SMEs) that specialise in internal audit assessments and quality evaluations. Businesses that possess expertise in public sector standards and have experience conducting audits or evaluations will be well-positioned to engage in similar tenders. The demand for such services highlights an ongoing need for consultancy support within public sector organisations, making it a favourable landscape for firms looking to expand their portfolios in this sector.

## Notice

The PPF were looking for a consultancy firm to perform an external quality assessment of its Internal Audit function. The objectives of the assessment are to evaluate whether IA conforms to Public Sector Internal Audit Standards ("PSIAS"), to review its impact on the organisation and to identify actions for continuous improvement. The assessment should conform with HM Treasury's recommended approach to carrying out internal and external quality assessments, which is set out in its Internal Audit Quality Assessment Framework (IAQAF):

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/993590df-ca04-46cf-bdb1-a7183d91422a |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Competitive quotation (below threshold) |
| Tender suitability | SME |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 24 Feb 2021 |
| Submission deadline | 7 Dec 2020 |
| Future notice date | Not specified |
| Award date | 20 Jan 2021 |
| Contract period | 1 Feb 2021 - 31 Jul 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £58,300 |
| Lots value | Not specified |
| Awards value | £58,300 |
| 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 | PENSION PROTECTION FUND |
| Locality | CROYDON |
| Post town | Croydon |
| Postcode | CR0 2NA |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI6 Outer London - South |
| ITL 3 | TLI62 Croydon |
| Local authority | Croydon |
| Electoral ward | Fairfield |
| Westminster constituency | Croydon West |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | INDEPENDENT AUDIT |

## CPV Codes

### Divisions

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

### Codes

- 79410000 - Business and management consultancy services

## Release History

- 24 Feb 2021 at 13:04 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/993590df-ca04-46cf-bdb1-a7183d91422a

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/993590df-ca04-46cf-bdb1-a7183d91422a
  24th February 2021 - 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-b5fd17-2a2e2b54-e9b5-4b25-bdd8-8652fb8f468c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-2a2e2b54-e9b5-4b25-bdd8-8652fb8f468c.json.