Audit and Assurance Services
Introduction
The Audit and Assurance Services Framework, managed by KCS, is a structured procurement route designed to facilitate the acquisition of a comprehensive range of audit and assurance services. Running until 21 May 2024, this framework serves as an essential tool for public sector organisations seeking to ensure financial accuracy, compliance, and integrity. Unlike a Dynamic Purchasing System (DPS), this framework does not allow for suppliers to join at any time, which means the list of eligible suppliers is fixed for the duration of the framework.
Context & Use Case
The framework is tailored to meet the audit and assurance needs of public sector entities. It offers a streamlined procurement process for contracting authorities to access high-quality financial services. By utilising this framework, organisations can engage experts to conduct thorough audits and reviews that are crucial for maintaining transparency and accountability. The ability to procure these services efficiently is vital for public sector bodies that require regular and systematic financial checks to uphold their fiduciary responsibilities and ensure compliance with statutory requirements.
Scope of Services
1. Statutory Audit Services: These services are legally mandated for certain organisations to verify the accuracy and fairness of financial statements. 2. Accounting, Auditing, and Fiscal Services: Encompassing a broad range of financial evaluations, these services ensure robust financial management. 3. Financial Auditing Services: Focused on scrutinising financial records, these services aim to detect any inaccuracies or discrepancies. 4. Internal Audit: This service involves an independent evaluation of an organisation's internal controls and processes to enhance operational efficiency. 5. Accounting and Financial Audit: A combination of accounting practices and audit services to ensure comprehensive financial oversight. 6. Computer Audit: Evaluating the security and efficiency of computer systems to protect against data breaches and ensure system integrity.
Who Can Apply
The framework is suitable for suppliers with expertise in financial auditing, internal auditing, and related services. Given the fixed nature of this framework, only pre-approved suppliers can participate during its active period. Suppliers who possess the requisite qualifications and experience in delivering high-standard audit and assurance services are ideal candidates for this framework.
Buyer Benefits
Public sector buyers stand to gain significantly from utilising the Audit and Assurance Services Framework. It offers a compliant procurement route that reduces the time and effort involved in sourcing audit services independently. The framework ensures that buyers have access to a pool of vetted suppliers, thereby fostering competition and potentially leading to cost savings. Additionally, the framework supports a swift procurement process, enabling organisations to address their audit needs promptly.
Lots
Not applicable
Next Steps
Suppliers interested in engaging with this framework should review the detailed requirements and conditions set forth by KCS. It is advisable to contact the contracting authority directly for further information and clarity on specific procurement processes or queries they may have.
How Biddable Can Help
Biddable offers support to suppliers seeking to engage with public sector frameworks like the Audit and Assurance Services Framework. Our platform aids in discovering relevant opportunities, preparing for application processes, and maintaining visibility over procurement pipelines. By providing insights and guidance, Biddable helps suppliers navigate the complexities of public sector procurement effectively.