--- title: "Internal Audit provision" ocid: "ocds-h6vhtk-03a646" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03a646" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03a646.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03a646.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "UNIVERSITY OF SOUTH WALES" published: "2023-03-29" --- # Internal Audit provision Buyer: UNIVERSITY OF SOUTH WALES Current stage: Tender OCID: ocds-h6vhtk-03a646 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03a646) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-03a646.json) ## Summary The University of South Wales is tendering for the provision of internal audit services, seeking to appoint auditors for up to five years beginning on 1st August 2023. The contract, valued at £250,000 GBP, involves developing, implementing, and reviewing an internal audit programme in collaboration with the University's management team. Submissions are evaluated based on key criteria outlined in the Invitation to Tender (ITT) document. Shortlisted companies will present to a University panel on 26th April 2023. This opportunity presents potential growth for businesses specializing in financial auditing services, particularly those with demonstrable knowledge of the higher education sector and experience in internal audit procedures. The University of South Wales, a public body under UK law, emphasises community benefits in the contracting process. Interested businesses should engage with the University's specified submission requirements and prepare to demonstrate their expertise and understanding of the sector's unique challenges. ## Notice Internal Audit provision to the University of South Wales. The University of South Wales is a Higher Education Corporation under the 1988 Education Reform Act, which has had University status and degree awarding powers following the Higher & Further Education Act 1992. The University has over 20,000 students and nearly 2,000 staff. There are three academic faculties covering a wide range of subjects currently spread across three main teaching campuses in Pontypridd, Newport and Cardiff. The University has two wholly owned subsidiary colleges in the Royal Welsh College of Music & Drama and The College Merthyr Tydfil. In addition, the University has a research facility in Baglan and a Sports Park in Treforest. The University and both colleges are registered charities. Further information about the University is available at: http://www.southwales.ac.uk The University of South Wales is seeking to appoint internal auditors for up to a maximum of five years (three years in the first instance with the option of up to two one year extensions) with effect from 1 August 2023. The appointment would be subject to the continued satisfactory performance by the successful service provider. The University requires the successful service provider to deliver an internal audit service including the development, implementation and review of an internal audit programme throughout the contract term. The internal audit programme will be developed in conjunction with the University's management team and approved by the University's Audit Committee. The successful service provider may also be required to carry out value for money studies and facilitate the yearly review of effectiveness of the Audit Committee, and provide training to members as required. The number of audit days varies each year, but c. 125 is an indicative combined figure for the University and subsidiary colleges. Submissions will be evaluated against key criteria as detailed in the ITT document. ### Lot Information Lot 1 The University of South Wales is a Higher Education Corporation under the 1988 Education Reform Act, which has had University status and degree awarding powers following the Higher & Further Education Act 1992. The University has over 20,000 students and nearly 2,000 staff. There are three academic faculties covering a wide range of subjects currently spread across three main teaching campuses in Pontypridd, Newport and Cardiff. The University has two wholly owned subsidiary colleges in the Royal Welsh College of Music & Drama and The College Merthyr Tydfil. In addition, the University has a research facility in Baglan and a Sports Park in Treforest. The University and both colleges are registered charities. Further information about the University is available at: http://www.southwales.ac.uk The University of South Wales is seeking to appoint internal auditors for up to a maximum of five years (three years in the first instance with the option of up to two one year extensions) with effect from 1 August 2023. The appointment would be subject to the continued satisfactory performance by the successful service provider. The University requires the successful service provider to deliver an internal audit service including the development, implementation and review of an internal audit programme throughout the contract term. The internal audit programme will be developed in conjunction with the University's management team and approved by the University's Audit Committee. The successful service provider may also be required to carry out value for money studies and facilitate the yearly review of effectiveness of the Audit Committee, and provide training to members as required. The number of audit days varies each year, but c. 125 is an indicative combined figure for the University and subsidiary colleges. Submissions will be evaluated against key criteria, as detailed in the ITT. Shortlisted companies will be asked to present to a University panel on 26th April 2023. Further information on the content of the presentation will be provided in due course. Additional information: Publication of the ITT notice is 29th March 2023. Queries in relation to the services required should be asked via the Q & A function to this notice. The closing date for queries is midday, Monday 10th April 2023 Renewal: 2 x 12 month extensions ( +1 +1) subject to agreement and satisfactory review. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/009141-2023 | | Notice type | Planning Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Planning, Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 29 Mar 2023 | | Submission deadline | 17 Apr 2023 | | Future notice date | 26 Mar 2023 | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £250,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Active | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | UNIVERSITY OF SOUTH WALES | | Locality | PONTYPRIDD | | Post town | Cardiff | | Postcode | CF37 1DL | | Country | Wales | | ITL 1 | TLL Wales | | ITL 2 | TLL5 South East Wales | | ITL 3 | TLL51 Central Valleys and Bridgend | | Local authority | Rhondda Cynon Taf | | Electoral ward | Treforest | | Westminster constituency | Pontypridd | | Delivery location | TLL15 Central Valleys | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79212100 - Financial auditing services - 79212200 - Internal audit services ## Release History - 29 Mar 2023 at 11:59 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/009141-2023 - 16 Feb 2023 at 15:55 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/004808-2023 ## Notice URLs - http://www.southwales.ac.uk - https://www.gov.uk/government/publications/public-sector-internal-audit-standards - https://www.sell2wales.gov.wales/ - https://www.sell2wales.gov.wales/Search/Search_Switch.aspx?ID=130349 - https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0315 - https://www.sell2wales.gov.wales/sitehelp/help_guides.aspx - https://www.southwales.ac.uk ## 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-03a646. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03a646.json.