Open competition
Open procedure: the contract was advertised and any supplier could submit a bid.
Key facts
- Buyer
- Development Bank of Wales · Body governed by public law
- Supplier
- Forvis Mazars LLP
- Value
- £3,350,000
- Procedure
- Open procedure
- Sector
- Business services · Financial auditing services (CPV 79212100)
- Region
- Wales
- Official notice
- 007867-2025 on Find a Tender
- Timeline
-
- Contract date4 Mar 2025
- Published4 Mar 2025Published the same day
Description
DBW wishes to procure external audit services for the group for the financial year ended 31 March 2026 which should include: The audit of the group’s Annual Report and Financial Statements, prepared under IFRS, noting that any future changes to IFRS should be incorporated into all future audits under this agreement. The audit of the group’s subsidiary accounts, to include: Limited companies and General partners, prepared under FRS101 Limited Partnerships, one of which is consolidated and is prepared under FRS101, the remainder are non-consolidated and prepared under FRS102 Client Asset Sourcebook (CASS) assurance for FW Capital Providing audit confirmations on a Component Auditor basis to Audit Wales. Please note that the successful bidder will also be required to share the Group Audit Completion Memo with Welsh Government employees. Selection Process The tender process will include four stages as follows: Assessment of Capability and Knowledge – this will be a written submission in r…
About the supplier
Forvis Mazars LLP: every public contract they have won, plus their Companies House record (company OC308299).