Published date: 3 July 2024

This notice was replaced on 8 July 2024

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Opportunity (published 8 July 2024)

Closed future opportunity - This means that a potential contract has passed its approach to market date. A buyer can choose to consider any supplier interest or convert this notice into an opportunity ready for live procurement.


Contract summary

Industry

  • Auditing services - 79212000

  • Financial auditing services - 79212100

  • Corporate governance rating services - 79212110

    • Internal audit services - 79212200

    • Statutory audit services - 79212300

    • Fraud audit services - 79212400

    • Accounting review services - 79212500

Location of contract

SR33XR

Value of contract

£303,000

Procurement reference

DM162538497-121

Published date

3 July 2024

Approach to market date

8 July 2024

Contract start date

31 March 2025

Contract end date

31 March 2028

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

Gentoo Group Ltd (The Group) is subject to rigorous governance via the Social Housing Regulator. In addition, the Group has a duty to comply with numerous regulatory standards in relation to governance and standards of practice in regard to all of its operations.

The Group have a number of mechanisms and processes in place to ensure all necessary governance is adhered to and standards are exceeded. This includes, but is not limited to:
- The Risk and Audit Committee (RAC);
- Involvement and sign off via the Group Board for varying activities; and
- Various assessments conducted by third-party Organisations with recommendations for improvement where necessary.

The purpose of this procurement is to seek appointment of Internal Audit Advisory Services for the Group to ensure that all operations conducted by the Group are compliant with all relevant legislation and guidance.

The successful Supplier will be responsible for carrying out Audit Services within Gentoo, working with the various Teams throughout the Organisation.

Internal audit services will be undertaken in accordance with the Institute of Internal Auditors (IIA) International Professional Practices Framework (IPPF ).

The internal audit service will consider the adequacy of controls necessary to secure assurance and effectiveness in all areas. It will seek to confirm that management have taken the necessary steps to achieve these objectives and manage the associated risks.

Internal audit work should cover all operational and management controls and should not be restricted to the audit of systems and controls necessary to form an opinion on the financial statements.

Gentoo will be approaching the market with Tender documents week commencing 8 July - all documents will be issued via the Genbuy system - link provided elsewhere within the notice.

More information

Spend profile

This table displays the spend profile of the notice
Financial year Budget
2025/2026 £101,000
2026/2027 £101,000
2027/2028 £101,000

Links

About the buyer

Contact name

David Major

Address

Emperor House
Head Office
Sunderland
SR3 3XR
England

Email

065004@logon.tothedomain.com