---
title: "Internal Audit Services"
ocid: "ocds-h6vhtk-02e215"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02e215"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02e215.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02e215.json"
source: "Find A Tender Service"
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-h6vhtk-02e215

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02e215)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02e215.json)

## Summary

The Financial Services Compensation Scheme (FSCS) is seeking an internal audit partner through a tender process for the provision of internal audit services. This contract, valued at £1,200,000, will be awarded in London, and the procurement stage is currently active. The tender period is scheduled to end on 7th December 2021, with a second stage invitation set for 10th January 2022. The procurement method employed is a selective procedure, and key criteria for this tender include an emphasis on quality and price, with a weighting of 80% and 20% respectively.

This tender presents significant opportunities for businesses specialising in internal audit services, particularly for those experienced in providing high-quality, risk-based audit solutions. Companies that have established methodologies and quality assurance processes, as well as those familiar with governance, risk management, and internal control, would be particularly well-suited to compete. The FSCS is also open to engaging with small and medium enterprises (SMEs) that can demonstrate their capability and innovation in this field.

## 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.

### Lot Information

Lot 1

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.

Renewal: There will be an option for FSCS to extend the contract on up to 2 occasions for a maximum duration of 12 months on each of those occasions, therefore making the Effective Service Term a potential total term of four (4) years.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/020224-2022 |
| Notice type | Planning Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Planning, Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 25 Jul 2022 |
| Submission deadline | 7 Dec 2021 |
| Future notice date | 21 Oct 2021 |
| Award date | 11 Jul 2022 |
| Contract period | Not specified |
| Recurrence | 4 |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,200,000 |
| Lots value | £1,200,000 |
| Awards value | Not specified |
| Contracts value | £1,200,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## 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, TLI4 Inner London - East |

## 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 18:05 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/020224-2022
- 4 Nov 2021 at 18:15 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/027748-2021
- 17 Sep 2021 at 13:15 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/023202-2021

## Notice URLs

- http://www.fscs.org.uk
- https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=708460308
- https://www.delta-esourcing.com/tenders/UK-UK-London:-Internal-audit-services./64D9776ZJA

## 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-h6vhtk-02e215. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02e215.json.