Internal Audit

Concepts

• internal audit
• local pensions partnership investments ltd
• aspects of internal audit
• crown commercial service's audit
• internal audit services
• development of internal audit strategy
• asset management firm
• specialist services
• risk management
• objective assurance

Location

London

Description

The FCA authorised and regulated asset management firm Local Pensions Partnership Investments Ltd seeks to award a contract for Internal Audit and Assurance under Lot 1 of the Crown Commercial Service's Audit and Assurance Services Framework Agreement RM6188. The service shall cover all aspects of internal audit to provide independent and objective assurance and consulting activity on the effectiveness of governance, risk management and controls in line with applicable standards. The Supplier to Local Pensions Partnership Investments Ltd will provide: • Assurance on governance, risk management and controls including but not limited to IT, finance, commercial, human resources, facilities management, policy development and operations • Advice and guidance on internal audit • Development of internal audit strategy and methodologies • Outsourced internal audit services • Specialist services covering Finance including treasury management

Award Detail

Award Criteria

CPV Codes

• 79212200 - Internal audit services

Indicators

• Award on basis of price.

Legal Justification

In accordance with the process detailed in framework schedule 7, LPPI Ltd is making a direct award to Deloitte LLP to provide Internal Audit and Assurance under Lot 1 of the Crown Commercial Service (CCS) Audit and Assurance Services Framework Agreement RM6188. The service shall cover all aspects of internal audit to provide independent and objective assurance and consulting activity on the effectiveness of governance, risk management and controls in line with applicable standards. The Direct Award is made on the basis that the Buyer has determined that the deliverables can be met by Deloitte LLP as set out in Framework schedule 1 and Framework schedule 2. The Buyer's statement of requirements was assessed against the Suppliers' catalogues and it was established that the from the Suppliers assessed as able to provide the services, the most economically advantageous solution was provided by Deloitte LLP.