Internal and External Audit Services
A Tender Notice
by UNIVERSITY OF DERBY
- Source
- Find a Tender
- Type
- Framework (Services)
- Duration
- 3 year
- Value
- £2M
- Sector
- BUSINESS
- Published
- 24 Mar 2021
- Delivery
- To 04 Apr 2025 (est.)
- Deadline
- 19 Apr 2021 11:00
Concepts
Location
Derby
2 buyers
- Derby University Derby
Description
This document invites suitably qualified and experienced providers to tender to the University of Derby (The University) for the provision of Audit services, under 2 Lots. Lot 1 - Internal Audit and Lot 2 - External Audit. Both these lots will include ad hoc audit services. A provider can tender for both Lots but cannot be awarded more than one Lot. If a supplier is the highest scoring on both Lots the highest quality score will be taken into consideration and the Lots awarded on that basis. The second highest scoring supplier will then be awarded the remaining Lot. The appointment will be for an initial period of 3 years from August 2021 with an option to extend by 1 year at the University's discretion. The University recognises that markets and businesses are changing at an ever-increasing pace. The requirements detailed in this document are, therefore, the minimum acceptable to the University and shall be capable of development where appropriate and relevant.
Lot Division
| 1 | Internal Audit
The Service Provider must be aware of and apply appropriate Internal Audit Standards recognising those set out in Government Internal Audit Standards and relevant regulatory/funder requirements such as the Public Sector Internal Audit Standards (published by CIPFA) and the Higher Education Funding Council for England Guidance. The Service Provider will be required to adhere to the Chartered Institute of Internal Auditors Standards and Ethics. The Service Provider will be required to liaise with the external auditor to ensure that work complements that of the statutory audit. |
| 2 | External Audit
• The Service Provider must be aware of and apply appropriate External Audit Standards including those set out by:- o International Standards on Auditing (ISA); o The Financial Reporting Council (FRC); o Company Law and relevant Statements of Recommended Practice (SORP) o Professional Indemnity Insurance Regulations Proposal Requirements and responsibilities • The Service Provider will have a responsibility to report to the governing body of the University of members of the company whether, in their opinion: o the financial statement give a true and fair view of the state of the affairs of the University or company affairs; o the financial statements have been prepared in accordance with the Companies Act 2006 and equivalent legislation for overseas subsidiaries where applicable; o the financial statements have been properly prepared in accordance with the relevant financial reporting framework; o the information given in the director's report and the strategic report is consistent with the financial statements where applicable; o Funds from whatever source administered by the university for specific purposes have been properly applied to those purposes, and, if relevant, managed in accordance with relevant legislations; o Funds provided by OfS have been applied in accordance with the memorandum of assurance and accountability and any other terms and conditions attached to them; o The requirements of OfS accounts direction have been met. |
Renewal Options
1 year extension on satisfactory performance
CPV Codes
- 79212000 - Auditing services
- 79212200 - Internal audit services
Indicators
- Restrictions apply to the lot award allocation.
- Bids should cover one or more lots.
- Bids should cover the whole contract.
- This is a recurring contract.
- Options are available.
- Renewals are not available.
- Professional qualifications are sought.
- Award on basis of price and quality.
Reference
- FTS 005973-2021