Audit Services

A Tender Notice
by POLICE DIGITAL SERVICE

Source
Find a Tender
Type
Contract (Services)
Duration
3 year
Value
£480K-£360K
Sector
BUSINESS
Published
04 Sep 2024
Delivery
12 Mar 2025 to 11 Mar 2028
Deadline
07 Oct 2024 11:00

Concepts

Location

United Kingdom:

Geochart for 1 buyers and 0 suppliers

1 buyer

Description

In accordance with best procurement practice, EU and UK Procurement Directives and Regulations, Police Digital Service (Company) is seeking to establish a contract through the Open Procedure (as defined in the Public Contracts Regulations 2015 (Regulation 27)), for the provision of Audit Services. The offering will be split into two (2) lots within the Invitation to Tender (ITT), the first being External Audit Services and the second being Internal Audit Services. Suppliers are required to bid on ONE lot only. The Company intends to award the Contract Agreement based on the most economically advantageous tender (MEAT). The Company will not be bound to accept the lowest price of any Tender submitted, but will be evaluating Tenders on the quality and price criteria set forth in this Invitation to Tender (ITT).

Lot Division

1 External Audit Services
  • Value: £200K

External audits play a crucial role in promoting good corporate governance practices by providing independent oversight of companies’ financial reporting processes to ensure financial statements, including balance sheet, and cash flow statements are accurate. This helps ensure transparency, accountability, and integrity in corporate operations. Auditors also ensure that financial statements adhere to accounting standards such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).
2 Internal Audit Services
  • Value: £280K

CIPFA’s Code of Practice for Internal Audit in Local Government in the United Kingdom describes Internal Audit as an assurance function that primarily provides an independent and objective opinion to the organisation on the control environment comprising risk management, control, and governance by evaluating its effectiveness in achieving an organisation’s objectives.

CPV Codes

  • 79212000 - Auditing services

Indicators

  • This is a one-off contract (no recurrence)
  • Renewals are not available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. **

Reference

Domains