External Auditor Services

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 the Welsh Audit Wales Office.

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 response to the questions in the Technical Envelope on etenderWales.

Submission of Fees – bidders are requested to submit their proposed fees for the services using the template provided in the attachment section on etenderWales. Volume 2 Commercial Evaluation.

Presentation – following the evaluation of the written and commercial submissions, the four top scoring bidders will be asked to attend a presentation with members of DBWs Audit and Risk Committee (ARC) and senior members of the finance team. The topic of the presentation is set out in Section 12 of the ITT Volume 1.

We expect senior members of the audit team to be present. Informal meeting with key members of the finance team - the four top scoring bidders that proceed to the presentation stage will be asked to attend an informal meeting with key members of the finance team.

This will not be scored as part of the bid. Additional information: Please refer to scope within Volume 1 ITT for further information