Published date: 13 December 2019
Last edited date: 3 January 2020
Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.
Contract summary
Industry
Internal audit services - 79212200
Location of contract
London
Value of contract
£1
Procurement reference
LPFA Internal Audit Services Tender
Published date
13 December 2019
Closing date
16 January 2020
Contract start date
1 April 2020
Contract end date
1 April 2025
Contract type
Service contract
Procedure type
Open procedure (below threshold)
Any interested supplier may submit a tender in response to an opportunity notice.
This procedure can be used for procurements below the relevant contract value threshold.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
The LPFA is required to have an internal audit function under the accounts and audit regulations. These regulations place responsibility on the authority for maintaining an adequate and effective internal audit service. The Audit and Risk Committee is responsible to the Board for ensuring that there is an adequate system of internal control, and that it is maintained and complied with on a routine basis. The lead officer on maintaining the system of internal control is the Managing Director although the LPFA acknowledges that internal controls are a collective responsibility with the Audit & Risk Committee and the Section 151 Officer also has responsibility in this area.
The LPFA will prepare an Annual Governance Statement to review the effectiveness of the system of internal control, and this is signed by the Managing Director and the Chair of the Audit & Risk Committee. This is supported by a statement from the Head of the Internal Audit function on the effectiveness of the system of internal control.
The Audit & Risk Committee has the responsibility for reviewing the effectiveness of the internal audit function. The Committee will receive regular reports from the internal audit provider, and the senior internal auditor will attend the Audit & Risk Committee meetings.
The Head of Internal Audit, to be provided by the supplier, will be required to work with other elements of the audit services. This includes the LPFA's external auditors, Grant Thornton, but may also require working with the internal and external audit service of LPP, currently Deloitte and Grant Thornton respectively.
LPFA may also make use of external consultants to support organisational development. The internal audit function may identify areas for external consultancy to advise on, and support implementation of, new systems following recommendations from external consultants.
More information
Attachments
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- 20191129_LPFA _Internal Audit Services Tender.pdf
- Tender notice
- 20191129_LPFA_Internal Audit Services Tender
-
- Annex A_Statement of Accounts 2018_19.pdf
- Annexes to the Contract
- Annex A_Statement of Accounts 2018_19
-
- Annex B_ Annual Report and Accounts 2018_19.pdf
- Annexes to the Contract
- Annex B_Annual Reports and Accounts 2018_19
-
- Annex C_Strategic Policy Statement 2019_22.pdf
- Annexes to the Contract
- Annex C_Strategic Policy Statement_2019_22
-
- Annex D_Medium Term Financial Plan.pdf
- Annexes to the Contract
- Annex D_Medium Term Financial Plan
-
- 180702 Company Mandatory Policies.pdf
- Annexes to the Contract
- Appendix 4_Company Mandatory Policies
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- Revised Tender Key dates_LPFA Internal Audit Services .xlsx
- Tender notice
- Revised Procurement Timeline_LPFa Internal Audit Services Tender
-
- LPFA Internal Audit Plan Year 2 and 3.pdf
- Tender notice
- LPFA Internal Audit Plan (Year 2 and 3)
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- LPFA Internal Audit Services Clarification Questions.pdf
- Clarifications to bidders questions
- LPFA Internal Audit Services Clarification Responses
About the buyer
Contact name
Nazneen Jafri
Address
169 Union Street
LONDON
SE10LL
England
Telephone
0207 369 6953
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Closing: 16 January 2020
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