--- title: "Audit Substantive Testing Data Automation Tool" ocid: "ocds-b5fd17-becdb6e5-009e-4894-a71b-b78d4b9e47b9" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-becdb6e5-009e-4894-a71b-b78d4b9e47b9" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-becdb6e5-009e-4894-a71b-b78d4b9e47b9.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-becdb6e5-009e-4894-a71b-b78d4b9e47b9.json" source: "Contracts Finder" current_stage: "Tender" buyer: "NATIONAL AUDIT OFFICE" published: "2024-07-25" --- # Audit Substantive Testing Data Automation Tool Buyer: NATIONAL AUDIT OFFICE Current stage: Tender OCID: ocds-b5fd17-becdb6e5-009e-4894-a71b-b78d4b9e47b9 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-becdb6e5-009e-4894-a71b-b78d4b9e47b9) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-becdb6e5-009e-4894-a71b-b78d4b9e47b9.json) ## Summary The National Audit Office (NAO) is seeking an off-the-shelf software solution for automating audit testing and documentation processes, covering financial audit needs. This tender, titled "Audit Substantive Testing Data Automation Tool," falls under the "Financial auditing services" category (CPV code 79212100). The procurement process is at the Tender stage and follows an open procedure. Interested parties must submit their bids by the tender period end date on 28 August 2024, with the project scheduled to commence on 1 October 2024 and run until 30 September 2027. The software is required to be operational by the start date, and the overall contract is valued at £690,000, excluding VAT. The procurement covers a broad range of delivery locations, including the British Overseas Territories, Channel Islands, Europe, Isle of Man, and the United Kingdom. This tender presents significant growth opportunities for technology firms specialising in document automation and financial auditing software. Businesses that can offer robust, reliable, and user-friendly automation solutions for substantive testing and financial statement procedures will find this contract particularly appealing. Small and medium-sized enterprises (SMEs) are explicitly encouraged to participate, though ventures and social enterprises were not highlighted in suitability preferences. Companies with expertise in automating detailed comparative tasks and ensuring the consistency of financial statements will be well-suited to meet the specific needs outlined by the National Audit Office. ## Notice The National Audit Office (NAO) requires an off the shelf software solution to assist with automating our audit testing and documentation process, covering two use-cases within financial audit: 1.Substantive testing - Test of detail/Test of control automation Auditors spend a significant amount of time and manual effort conducting tests of detail (ToD) and tests of controls, comparing documents (such as invoices) to samples from the general ledger or other structured records for consistency. We are interested in document automation software to parse images/pdfs of audit evidence and automatically match to tabular data and output this in a manner which is easy to follow and document for the purposes of our audit testing within an excel document. 2.Financial Statement procedures Auditors are required to check the financial statements. Ensuring that (for example) the sums within the statements are internally consistent/correct. Similar to the use case above we are looking for document automation software that can automate some of this by extracting 'sums' from the document and automatically reconciling them, as well as some other processes detailed in the procurement documents. The software needs to be ready for use by 1 October 2024. The estimated total value in this notice excludes VAT and is for the duration of the maximum contract term (1+1+1). ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/699f9015-7fcd-461d-9d37-74ce9b068747 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 25 Jul 2024 | | Submission deadline | 28 Aug 2024 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 30 Sep 2024 - 30 Sep 2027 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £690,000 | | 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 | NATIONAL AUDIT OFFICE | | Locality | VICTORIA | | Post town | South West London | | Postcode | SW1W 9SP | | 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 | Pimlico North | | 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 - 79212100 - Financial auditing services ## Release History - 25 Jul 2024 at 10:30 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/699f9015-7fcd-461d-9d37-74ce9b068747 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/699f9015-7fcd-461d-9d37-74ce9b068747 25th July 2024 - Opportunity notice on Contracts Finder - https://www.delta-esourcing.com/tenders/UK-UK-Victoria:-Financial-auditing-services./9679NVEF47 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-becdb6e5-009e-4894-a71b-b78d4b9e47b9. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-becdb6e5-009e-4894-a71b-b78d4b9e47b9.json.