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    ContractsFinancial Audit and Assurance Services Contract Modification
    Closed contract

    Financial Audit and Assurance Services Contract Modification

    Contract value
    £39m
    Closed 22 Feb 2021

    Contract modification to increase Financial Audit and Assurance Services funding by £9.6 million to maintain continuity of statutory audit delivery for major public sector pension schemes.

    🇬🇧United KingdomPublished 14 Jul 2026· 1 months agoviaContracts Finder
    Contract value
    £39m
    Closed 22 Feb 2021
    Tender deadline passed on 22 Feb 2021.

    Decision brief

    4 fields
    • Contract value
      est.£39,009,748
      Pounds sterling
    • Tender closed
      22 Feb 2021
      5 years ago
    • Sector
      Professional Services
      Browse related listings
    • Location
      🇬🇧United Kingdom

    Lifecycle

    Closed

    Tender closed on 22 Feb 2021. Awaiting award.

    14 Jul 2026Today22 Feb 2021

    Brief

    This is a modification notice for existing Financial Audit and Assurance Services contracts (reference GEN_20_22). The contract value is being increased by £9.6 million to extend and continue current arrangements. The modification ensures continuity of statutory audit services and supports the National Audit Office in meeting its legal responsibilities. The original contracts cover audit and assurance services for major public sector pension schemes, including the Pension Protection Fund, which require specialized actuarial and pensions audit expertise. These pension schemes represent the largest liabilities in the Whole of Government Account and face significant scrutiny regarding their valuations for government fiscal policy purposes. The nature, scope, and objectives of the contracts remain unchanged. The modification is necessary because additional audit and assurance services are required from the existing contractors to maintain continuity of statutory audit delivery. Changing contractors at this stage would create significant operational inconvenience, unnecessary cost duplication, and disrupt audit planning, delivery, and quality assurance processes. The contract increase remains below 50% of the original contract value.

    Track record

    25 awards · 23 winners
    Open field

    No single supplier dominates the field.

    In professional services, NATIONAL AUDIT OFFICE has awarded 25 contracts to 23 suppliers.

    Who wins here
    1. MONTAGU EVANS LLP2× · 8%
    2. ERNST YOUNG LLP2× · 8%
    3. REDACTIVE EVENTS LIMITED1× · 4%
    4. FORFRONT LIMITED1× · 4%
    5. TopScore Technologies Limited1× · 4%
    6. ADVISERPLUS BUSINESS SOLUTIONS LIMITED1× · 4%

    +17 more suppliers

    Across professional services, the most active winners are REED SPECIALIST RECRUITMENT LIMITED, KPMG LLP, Hays Specialist Recruitment Ltd — the field to beat, or your route in as a partner.

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    Take action
    View on sourceContracts Finder

    Original closed notice on the publisher's site

    Publisher
    UK Cabinet Office
    Licence
    OGL v3.0
    Source
    contractsfinder.service.gov.uk
    Record ID
    c74a5003-95f3-4012-8726-f20a414fa138-906199
    NA
    Buyer
    NATIONAL AUDIT OFFICE
    Sector
    Professional Services