Tender notice observed
Latest variant observed by Bidwake on .
Open this official Contracts Finder notice
Record references
- Release reference
c9e3a2f0-a319-4634-bdbd-75510a76a8db-780257- Published tags
- tender
Loading records…
Public procurement
See the published facts, notice history, awards and supplier links in one place. Open the original Contracts Finder notice for the full record.
ocds-b5fd17-0a72f803-9b24-4476-a3e5-295510671279Published facts
9d80d805-cfb0-4e7c-9d66-79b6fc38992b-799237***THIS IS A CONTRACT AWARD NOTICE*** The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. We seek to promote transparency and integrity in business; our work is aimed at investors and others who rely on company accounts, audit, and high-quality risk management. As the Competent Authority for audit in the UK, the FRC sets auditing and ethical standards and monitors and enforces audit quality. A key FRC strategic objective is to create a more resilient audit market through greater competition and choice. The FRC's supervisory activities work towards achieving this aim through its 'four faces' model, that encourages UK audit firms to prudently manage their risks and so reduce their likelihood of failure. The FRC also has a role to play in responding to the challenges faced by the largest providers of audit services, as firm shocks that could harm resilience could cause market instability, and/or could result in reduced audit quality and choice in the market for statutory audit services. The FRC has launched a Project to test its responsiveness to one of its principal market risks occurring. The Resilience Project will culminate in a market-wide exercise involving the FRC and other organisations. The FRC sought tender submissions from experienced providers to help plan and facilitate the proposed market-wide exercise Autumn 2024. The nature of the project will involve a degree of confidential and sensitive information. The audit market resilience exercise is likely to involve representatives from the FRC, the larger audit firms, UK financial regulators who may regulate the clients of the larger audit firms, the Government (i.e., Department for Business & Trade), and possibly an international audit regulator. The FRC required the successful contractor to conduct all three key project stages (set up, evidence gathering, and reporting) in accordance with the Competition Act 1998, Competition and Markets Authority Guidance, and other applicable laws and regulations. ***AWARD NOTICE*** Additional information: THIS IS A CONTRACT AWARD NOTICE. THIS TENDER HAS BEEN COMPLETED.
Observed notice trail
Events follow the publisher date where one is available. “Seen by Bidwake” is the date this service first found the record.
Tender notice observed
Latest variant observed by Bidwake on .
Open this official Contracts Finder notice
c9e3a2f0-a319-4634-bdbd-75510a76a8db-780257Award notice observed
Latest variant observed by Bidwake on .
Open this official Contracts Finder notice
9d80d805-cfb0-4e7c-9d66-79b6fc38992b-799237Awards and suppliers
Buyer: THE FINANCIAL REPORTING COUNCIL LIMITEDSupplier: PA CONSULTING SERVICES LIMITED
ocds-b5fd17-0a72f803-9b24-4476-a3e5-295510671279-1End dates, recurrence wording and links are shown as they appear in public notices. They do not create a new opportunity. If no later linked record appears here, that means Bidwake did not find one in the records it has loaded; it does not prove that none exists.