Tender Details

Country: United Kingdom
Summary: Audit Firm Culture
GBT Ref No: 59167579
Deadline: 24 Nov 2021
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: 60000
Notice Type: Tender
Document Ref. No.: FRC2021-0155
Purchaser's Detail:
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Description:
Title : Audit Firm Culture
Location Of Contract : EC2Y 5AS
Industry : Research and development services and related consultancy services - 73000000
Value Of Contract : £54,000 to £60,000
Description : 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.In May 2018 the FRC published a thematic review on Audit Culture. Audit firm culture is a critical component of an audit firm's ability to deliver high quality audits in the public interest therefore the review looked at audit firms' activities to establish, promote and embed a culture that is committed to delivering consistently high-quality audits. One key attribute of a good, healthy audit culture is auditors being able to challenge companies' management teams effectively and exercise professional scepticism when performing audits. The FRC's work continues to show that auditors often struggle to challenge the management of audited entities effectively, especially on issues that involve judgement. This can result in auditors failing to obtain sufficient and appropriate audit evidence, and in some cases, failing to identify or seek the correction of potential misstatements of the financial statements.This resear...
Documents:

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Audit Firm Culture - Uk Tender

The THE FINANCIAL REPORTING COUNCIL LIMITED, a Government sector organization in United Kingdom, has announced a new tender for Audit Firm Culture. This tender is published on UkTender under GBT Ref No: 59167579 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2021-11-24.

The estimated tender value is 60000, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.