Awarded contract

Internal Audit Co-Source

Details

Supplier(s)
Deloitte LLP
Value
£5,000,000
Duration
3 years
Topic
Internal audit services
Published
22 April 2025

Tender description

The FCA is seeking a partner to help deliver on the FCA's Internal Audit vision of being a trusted, efficient, value-adding business partner, applying best practice and promoting a culture of accountability to provide insight, drive continuous improvement and support colleagues to achieve the FCA and PSR's Strategy.

Timeline

  1. Completed: Award date11 March 2025
  2. Completed: Award published22 April 2025
    Current notice
  3. Next: Contract expiry date10 March 2028in 17 months

About the buyer

The Financial Conduct Authority regulates the UK's financial services industry, and buys as a central government body with its own procurement function. Larger contracts fall under the Public Contract Regulations 2015 once they pass a set threshold. Both pan-government and FCA-tendered framework agreements offer alternative routes to market. An ethical procurement standard applies to purchases wherever possible.

Over the past 5 years, most of the Financial Conduct Authority's contract awards have been in IT services, business services and software and information systems.

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