Audit Services

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 1: External Audit Services 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). Lot 2: Internal Audit Services 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.