--- title: "Internal audit and assurance services" ocid: "ocds-b5fd17-2fbc096c-ffb9-4c00-8930-4fc45174ba00" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-2fbc096c-ffb9-4c00-8930-4fc45174ba00" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-2fbc096c-ffb9-4c00-8930-4fc45174ba00.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-2fbc096c-ffb9-4c00-8930-4fc45174ba00.json" source: "Contracts Finder" current_stage: "Tender" buyer: "THE WESTMINSTER FOUNDATION FOR DEMOCRACY LIMITED" published: "2022-01-07" --- # Internal audit and assurance services Buyer: THE WESTMINSTER FOUNDATION FOR DEMOCRACY LIMITED Current stage: Tender OCID: ocds-b5fd17-2fbc096c-ffb9-4c00-8930-4fc45174ba00 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-2fbc096c-ffb9-4c00-8930-4fc45174ba00) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-2fbc096c-ffb9-4c00-8930-4fc45174ba00.json) ## Summary The Westminster Foundation for Democracy Limited is seeking to procure independent and objective internal audit and assurance services. This tender, titled "Internal audit and assurance services," falls under the legal services category and is focused on evaluating governance, risk management, and controls in compliance with relevant public sector standards. The procurement process is currently in the Tender stage, with the submission deadline set for 7th February 2022. The contracting period will commence on 28th February 2022 and extend until 31st March 2025, with an anticipated initial annual value of approximately £15,000. This opportunity presents a significant avenue for growth, particularly for small and medium-sized enterprises (SMEs) specialising in auditing and consultancy services. Businesses with expertise in governance evaluations, risk management, and compliance with Public Sector Internal Audit Standards would be well-positioned to compete for this contract. Additionally, those familiar with the Crown Commercial Service framework for Audit and Assurance Services can leverage this procurement process to expand their service offerings in the public sector. ## Notice WFD wishes to procure the services of a supplier to provide independent and objective internal audit and assurance services, together with related consulting activity, on the effectiveness of governance, risk management and controls in line with Public Sector Internal Audit Standards, the Government Functional Standard for Internal Audit, and any other applicable standards, including any guidance issued by the Government Internal Audit Agency. The selected supplier will: (1) Develop, in consultation with WFD management, an internal audit charter, risk-based internal audit strategy for the three-year period, from 1 April 2022 to 31 March 2025, and an annual plan; (2) Share progress reports with the quarterly meeting of the Board's Audit & Risk Assurance Committee and liaise with the internal audit department of WFD's parent department the Foreign, Commonwealth & Development Office as required; (3) Offer regular insights to WFD's Accounting Officer and the Audit & Risk Assurance Committee and an annual audit opinion for the purposes of WFD's Annual Report & Accounts; and (4) Provide assurance on governance, risk management and controls including but not limited to: the systems and processes underpinning WFD's network and platform operations, information and communication technology, finance, commercial, people and culture, facilities management, and policy development and programme delivery, via commissioned internal audits or advisory assignments in accordance with the agreed strategy and plan. WFD reserves the right to either contract the selected supplier independently, on WFD standard terms and conditions of services, or to enter into a call-down order contract with a preferred supplier listed under Lot 1 of the Crown Commercial Service framework agreement RM6188 Audit and Assurance Services. The anticipated annual value of this contract in the first year is estimated as c.PS15,000. This may be subject to review for the second and third years, subject to available funding. Further detailed information on how to apply can be found in the Invitation to Tender document. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/3edf6ee0-94ea-49cf-ab56-c2c9adb63e56 | | Notice type | Tender Notice | | Procurement type | Framework | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 7 Jan 2022 | | Submission deadline | 7 Feb 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 28 Feb 2022 - 31 Mar 2025 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £15,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | THE WESTMINSTER FOUNDATION FOR DEMOCRACY LIMITED | | Locality | LONDON | | Post town | South West London | | Postcode | SW1A 2EG | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI3 Inner London - West | | ITL 3 | TLI35 Westminster and City of London | | Local authority | Westminster | | Electoral ward | St James's | | Westminster constituency | Cities of London and Westminster | | Delivery location | Not specified | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79100000 - Legal services - 79200000 - Accounting, auditing and fiscal services - 79700000 - Investigation and security services - 79900000 - Miscellaneous business and business-related services ## Release History - 7 Jan 2022 at 10:18 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/3edf6ee0-94ea-49cf-ab56-c2c9adb63e56 - 7 Jan 2022 at 09:28 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/3edf6ee0-94ea-49cf-ab56-c2c9adb63e56 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/3edf6ee0-94ea-49cf-ab56-c2c9adb63e56 7th January 2022 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/0446c728-1c13-4fef-a716-707c62cee2c5 - https://www.wfd.org/2022/01/07/itt-audit-assurance/ ## Notice URLs - http://www.wfd.org ## 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-b5fd17-2fbc096c-ffb9-4c00-8930-4fc45174ba00. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-2fbc096c-ffb9-4c00-8930-4fc45174ba00.json.