Professional services for scenario development, facilitation and delivery of an audit market resilience exercise
Reference ocds-b5fd17-0a72f803-9b24-4476-a3e5-295510671279 · THE FINANCIAL REPORTING COUNCIL LIMITED
Awarded to PA Consulting Services Limited for £95,000.
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Amounts and figures
Description
***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 risk…
Awards
| Awarded to | Amount | Date |
|---|---|---|
| PA Consulting Services Limited | £95,000 | 28 October 2024 |
Official publications
| Medium | Reference | Date |
|---|---|---|
| FTS | 9d80d805-cfb0-4e7c-9d66-79b6fc38992b-799237 | 8 November 2024 |
| Contracts Finder | 9d80d805-cfb0-4e7c-9d66-79b6fc38992b-799237 | 8 November 2024 |
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- What is the deadline to bid for this tender?
- The submission deadline is 7 October 2024, 12:00. Check the official source, as dates can be modified.
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- The estimated value published by the buyer is £100,000.
- Who is the buyer of this tender?
- The contracting authority is THE FINANCIAL REPORTING COUNCIL LIMITED (United Kingdom).
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