Invitation to tender for the Provision of Quality Monitoring Services
A Contract Award Notice
by WALES AUDIT OFFICE
- Source
- Find a Tender
- Type
- Contract (Services)
- Duration
- 4 year (est.)
- Value
- £350K
- Sector
- TECHNOLOGY
- Published
- 03 Jan 2023
- Delivery
- To 13 Dec 2026 (est.)
- Deadline
- n/a
Concepts
Location
Cardiff
2 buyers
- Wales Audit Office Cardiff
1 supplier
- Icaew Milton Keynes
Description
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.
Total Quantity or Scope
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.
Award Detail
| 1 | Icaew (Milton Keynes)
|
Award Criteria
| Evidence of your organisations experience of undertaking cold file reviews of audits carried out in accordance with International Standards | 30.0 |
| Evidence of your organisation’s experience of undertaking whole of firm review work, in accordance with ISQM 1 and ISQC 1 | 20.0 |
| Detail of your organisation’s experience of providing training support on audit quality issues | 10.0 |
| PRICE | 30.0 |
CPV Codes
- 72225000 - System quality assurance assessment and review services
Indicators
- Award on basis of price.
Other Information
(WA Ref:127817)
Reference
- FTS 000021-2023