Contracts
Statutory Audit and Multi-Specialty Audit Services - EOE 2024/S 000-002425
Auditing is an essential part of the process of accountability for public money and makes an important contribution to the stewardship of public resources and the corporate governance of public services.
29th January 2024 to 28th January 2026 (with the option to extend by 2 x 12-month periods)
Savings and financial benefits can be achieved through:
- Ceiling rates already established which can be reduced via a further competition. Pricing can be less than, but not more than the providers upper limit pricing value
- Cost transparency through a clear pricing structure
- Suppliers’ pricing remains anonymised and confidential to help maintain competitive pressure
- Pricing held for three years
Other Benefits
- Reduced risk- contractual terms and conditions that meet FCA audit regulations ensuring audit services are compliant
- Ability to direct award hence reduction in time taken to procure services
- The terms and conditions of the framework agreement and call off contracts have been agreed with each framework provider so no further legal dialogue is required
Awards against this framework can be undertaken via three options:
Option 1: Direct Award
Option 2: Direct Award with Partial Competition
Option 3: Mini competition
This framework consists of seven lots.
Lot 1 Statutory Audit/External Audit
Lot 2 Counter Fraud
Lot 3 Internal Audit
Lot 4 Assurance Reviews
Lot 5 Digital and IM&T Audit
Lot 6 Security Management
Lot 7 Multi Audit Service Provision (Combined service provision for Lots 2-6)
This framework consists of seven lots.
Lot 1 Statutory Audit/External Audit
Lot 2 Counter Fraud
Lot 3 Internal Audit
Lot 4 Assurance Reviews
Lot 5 Digital and IM&T Audit
Lot 6 Security Management
Lot 7 Multi Audit Service Provision (Combined service provision for Lots 2-6)