--- title: "Invitation to tender for the Provision of Quality Monitoring Services" ocid: "ocds-kuma6s-125870" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-kuma6s-125870" markdown_url: "https://d3tenders.com/contract/ocds-kuma6s-125870.md" json_url: "https://d3tenders.com/contract/ocds-kuma6s-125870.json" source: "Sell2Wales" current_stage: "Award" buyer: "WALES AUDIT OFFICE" published: "2023-01-03" --- # Invitation to tender for the Provision of Quality Monitoring Services Buyer: WALES AUDIT OFFICE Current stage: Award OCID: ocds-kuma6s-125870 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-kuma6s-125870) [Download OCDS JSON](https://d3tenders.com/contract/ocds-kuma6s-125870.json) ## Summary The Wales Audit Office has completed an "Invitation to tender for the Provision of Quality Monitoring Services" procurement process in Cardiff. The tender provided opportunities for businesses in the services category, specifically in audit services, with a focus on quality monitoring services including cold file reviews, system quality management, and advice on audit methodology. The contract was awarded to ICAEW with a contract value of £300,000 signed on 12th December 2022. This procurement process can create business growth opportunities for firms with expertise in conducting cold file reviews in accordance with International Standards. The process was in the "Award" stage with a procurement method of "Open procedure". The key deadline for tender submissions was 29th November 2022. The process was governed by the Body governed by public law in the Audit Services industry category. Businesses with experience in quality monitoring and audit efficiency are well-suited to compete for such tenders in the public procurement sector. ## Notice The following core services will be provided by the prospective supplier: - one cold file review per audit of accounts director for each year of the contract (if let) (ordinarily four to five reviews per annum), to include emphasis both on compliance with standards and on audit efficiency; - one cold file review per performance audit director for each year of the contract (if let) (ordinarily three reviews per annum), to include emphasis both on compliance with standards, audit efficiency and impact; - review of the system of quality management under ISQM 1; - advice on good practice and cutting-edge developments in audit methodology and quality. ### Lot Information Lot 1 The Wales Audit Office is seeking to appoint a supplier to provide quality monitoring services in respect of the accounts with effect from 2021-22 audit year and performance audit work over the period of the contract. Renewal: 2 x 12 months ## Key Details | Field | Value | | --- | --- | | Publication source | Sell2Wales | | Latest notice | https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=125870 | | Notice type | OJEU - F3 - Contract Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | Not specified | | Awardee scale | SME | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 3 Jan 2023 | | Submission deadline | 29 Nov 2022 | | Future notice date | Not specified | | Award date | 12 Dec 2022 | | Contract period | Not specified | | Recurrence | Every 6 years | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | £300,000 | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Complete | | Awards status | Not specified | | Contracts status | Active | ## Buyer | Field | Value | | --- | --- | | Main buyer | WALES AUDIT OFFICE | | Locality | CARDIFF | | Post town | Cardiff | | Postcode | CF11 9LJ | | Country | Wales | | ITL 1 | TLL Wales | | ITL 2 | TLL5 South East Wales | | ITL 3 | TLL52 Cardiff and Vale of Glamorgan | | Local authority | Cardiff | | Electoral ward | Riverside | | Westminster constituency | Cardiff West | | Delivery location | TLL22 Cardiff and Vale of Glamorgan | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | ICAEW | ## CPV Codes ### Divisions - 72 - IT services: consulting, software development, Internet and support ### Codes - 72225000 - System quality assurance assessment and review services ## Release History - 3 Jan 2023 at 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=125870 - 24 Oct 2022 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=125870 ## Documents - https://www.sell2wales.gov.wales/Notice/Download/DocumentDownload.aspx?id=OCT415898&idx=1 24th October 2022 - Invitation to tender for the Provision of Quality Monitoring Services - https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=OCT415898 Invitation to tender for the Provision of Quality Monitoring Services - The following core services will be provided by the prospective supplier: - one cold file review per audit of accounts director for each year of the contract (if let) (ordinarily four to five reviews per annum), to include emphasis both on compliance with standards and on audit efficiency; - one cold file review per performance audit director for each year of the contract (if let) (ordinarily three reviews per annum), to include emphasis both on compliance with standards, audit efficiency and impact; - review of the system of quality management under ISQM 1; - advice on good practice and cutting-edge developments in audit methodology and quality. - https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=JAN423015 Invitation to tender for the Provision of Quality Monitoring Services - The following core services will be provided by the prospective supplier: - one cold file review per audit of accounts director for each year of the contract (if let) (ordinarily four to five reviews per annum), to include emphasis both on compliance with standards and on audit efficiency; - one cold file review per performance audit director for each year of the contract (if let) (ordinarily three reviews per annum), to include emphasis both on compliance with standards, audit efficiency and impact; - review of the system of quality management under ISQM 1; - advice on good practice and cutting-edge developments in audit methodology and quality. ## Notice URLs - https://api.sell2wales.gov.wales/v1?lang=cy/Notice?id=ocds-kuma6s-125870 - https://www.audit.wales - https://www.sell2wales.gov.wales/ ## 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-kuma6s-125870. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-kuma6s-125870.json.