---
title: "Internal Audit Services"
ocid: "ocds-b5fd17-50e8c94a-1336-4489-9eb0-8ef4a7515f05"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-50e8c94a-1336-4489-9eb0-8ef4a7515f05"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-50e8c94a-1336-4489-9eb0-8ef4a7515f05.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-50e8c94a-1336-4489-9eb0-8ef4a7515f05.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "FINANCIAL SERVICES COMPENSATION SCHEME"
published: "2022-07-25"
---

# Internal Audit Services

Buyer: FINANCIAL SERVICES COMPENSATION SCHEME  
Current stage: Award  
OCID: ocds-b5fd17-50e8c94a-1336-4489-9eb0-8ef4a7515f05

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## Summary

The Financial Services Compensation Scheme is seeking to enhance its internal audit capabilities through a recently completed public procurement process for Internal Audit Services. This competitive tender involved a selective procurement method and concluded on 12 July 2022, with a total contract value of £1,200,000. The contract commenced on 25 July 2022 and is set to last until 5 July 2024. Services are to be provided primarily within London, UK, and encompass auditing methodologies, governance advice, and quality assurance services, among other specialised internal audit functions.

This tender presents a significant opportunity for businesses, particularly those specialising in financial services, consultancy, and auditing, to expand their offerings and client base. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to consider this contract, as their expertise could align well with the scheme’s needs for innovative audit strategies and services. Engaging in this contract could provide a platform for these businesses to demonstrate their capabilities, build a relationship with a major public body, and enhance their reputation in the industry.

## Notice

The Scheme wishes to competitively tender for an internal audit partner reporting into the Audit Committee. This will include internal audit services, input into the annual internal audit plan, development of internal audit strategy and / or methodologies, advice, benchmarking and external good practice on governance, risk management and internal control, benchmarking and quality assurance of internal audit performance, specialist internal audit assurance and advisory service e.g. IT audit. The partner will use its own internal audit methodology, its own quality assurance process and will produce reports and working papers under its own branding.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/61d01c30-ade0-45c9-88d3-f2cb6dced303 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 25 Jul 2022 |
| Submission deadline | 11 Jul 2022 |
| Future notice date | Not specified |
| Award date | 11 Jul 2022 |
| Contract period | 24 Jul 2022 - 5 Jul 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,200,000 |
| Lots value | Not specified |
| Awards value | £1,200,000 |
| 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 SERVICES COMPENSATION SCHEME |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC3A 7QU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Portsoken |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI London |

## Supplier

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

## CPV Codes

### Divisions

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

### Codes

- 79212200 - Internal audit services

## Release History

- 25 Jul 2022 at 15:40 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/61d01c30-ade0-45c9-88d3-f2cb6dced303

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/61d01c30-ade0-45c9-88d3-f2cb6dced303
  25th July 2022 - Awarded contract notice on Contracts Finder
- https://www.delta-esourcing.com/delta/respondToList.html?noticeId=708460308
  Please follow this link to view the notice.

## 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-b5fd17-50e8c94a-1336-4489-9eb0-8ef4a7515f05. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-50e8c94a-1336-4489-9eb0-8ef4a7515f05.json.