Source: https://tendernation.io/opportunities/01a13c75-5e5f-735e-8e21-84600c9292b1/qualitative-research-with-audit-committee-chairs-on-audit-quality awarded GB open procedure Suitable for SMEs # Qualitative research with audit committee chairs on audit quality [The Financial Reporting Council Limited](https://tendernation.io/buyers/the-financial-reporting-council-limited) Estimated value £40,000 to £50,000 Published 25 Jan 2021 Deadline Closed 17 Feb 2021 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Buyer says suitable for VCSEs The buyer ticked “suitable for voluntary, community and social enterprises” on the notice. - Small contract value Valued under £135,018 including VAT, the lowest Procurement Act threshold for goods and services. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender \*\*THIS IS A CONTRACT AWARD NOTICE - THIS TENDER IS CLOSED\*\* The Financial Reporting Council sets the UK Corporate Governance and UK Stewardship Codes; sets UK standards for accounting and actuarial work; monitors and takes action to promote the quality of corporate reporting; and operates independent enforcement arrangements for accountants and actuaries. As the competent authority for audit in the UK the FRC sets auditing and ethical standards and monitors and enforces audit quality. The FRC works in the public interest. Our work is aimed at investors and others who rely on company reports, audit and high-quality risk management. The research project objective is to obtain qualitative research with Audit Committee Chairs (ACCs) of Public Interest Entities (PIEs) - a rich, in-depth understanding of ACCs' views on audit quality. This will build on similar research undertaken in 2020. The FRC does not anticipate tender bids over £50,000 excluding VAT Note: The FRC may in future decide to repeat this research in future years to provide an over-time comparison. If the FRC takes up this option, it will do so before the end of 2025 (and the total expenditure including repeat(s) will be capped at no more than £175,000). The overarching objective of the project is to provide the FRC with a rich understanding of ACCs' views on, and approach to, audit quality. This may include: • ACC's views on the key drivers of audit quality • What does a good/bad audit look like to an ACC? • Selection of auditors / tender process • Audit planning • Considerations of quality during the audit and post-audit, including ACC's views of the impact, if any, of audit firm culture • How ACC's use the results of AQR inspections to drive improved audit quality • How ACC's satisfy themselves as to the independence and suitability of their auditor • How ACC's assess the work of their committees The above list of questions is not exhaustive. \*\* This is a summary only \*\* Additional information: \*\* THIS OPPORTUNITY IS CLOSED. THIS IS A CONTRACT AWARD NOTICE\*\* Read full description ## CPV classification Research and development services and related consultancy services Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/823c15fd-c4b3-44e4-baf7-8d3a348ad7a5) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. 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