Tender

Tender for the provision of Audited Accounts 2018

ABEONA HOUSING CO-OPERATIVE LIMITED

This public procurement record has 1 release in its history.

Tender

03 Jul 2018 at 14:55

Tender Notice
Summary of the contracting process

Abeona Housing Co-Operative Ltd is inviting tenders for the provision of Audited Accounts for the year 2018. This procurement falls under the services category, specifically in the financial and insurance services industry, with a focus on accounting and auditing services. The tender was published on 3rd July 2018, and the submission deadline is set for 31st July 2018. The audit aims to ensure compliance with relevant UK accounting standards and legislation, with the contract period commencing from 1st October 2018 to 1st August 2019. This procurement process is classified as a single tender action, as it is below the defined threshold.

This tender presents an opportunity for growth, particularly for auditors and accounting firms with experience in the housing cooperative sector. Businesses that specialise in providing audit services and understand the regulations of social housing in the UK would be well-positioned to compete for this contract. The engagement offers a substantial contract value of £5,000, allowing participating firms to enhance their portfolio while contributing to the financial transparency and compliance of a cooperative housing entity.

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Notice Information

Notice Title

Tender for the provision of Audited Accounts 2018

Notice Description

Introduction Abeona Housing Co-Op Ltd is seeking the professional services from an Auditor with specific experience in dealing with Housing Co-Op providers. The Audit will need to conform in accordance with the applicable accounting standards including Financial Reporting Standard 102 the Financial Reporting Standard Applicable in the United Kingdom and Republic of Ireland (FRS 102), the Statement of Recommended Practice (SORP) for Social Housing Providers 2014, the preparation of the audited accounts will be in accordance with the requirements of Homes England and Accountings Standards. and with the Accounting Direction for private registered providers of social housing in England 2015. The financial statements need to be prepared under the requirements of the Housing and Regeneration Act 2008 and the Co-operative and Community Benefit Societies Act 2014 and in accordance with International Standards on Auditing (UK and Ireland) in order to provide reasonable assurance that our financial statement are free of material misstatement, SCOPE OF THE AUDIT OF THE FINANCIAL STATEMENTS The audit will involve obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the Co-operative's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the Board; and the overall presentation of the financial statements. In addition, the auditor appointed will be required to read all the financial and non-financial information in the report of the Board to identify material inconsistences with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired in the course of performing the audit. If the auditor becomes aware of any apparent material misstatements or inconsistences then consideration of the implications of these will need to be highlighted within the final report. OPINION ON FINANCIAL STATEMENTS The Auditor should provide their opinion on the financial statements: * give a true and fair view of the state of the Co-operative's affairs as at 31st December 2018 and of its income and expenditure for the year then ended; and * have been properly prepared in accordance with the Co-operative and Community Benefit Societies Act 2014, the Housing and Regeneration Act 2008 and The Accounting Direction for Private Registered Providers of Social Housing in England 2015. MATTERS ON WHICH YOU ARE REQUIRED TO REPORT BY EXCEPTION IF, AND WHERE IDENTIFIED. If following the audit highlight any concerns where the Co-operative and Community Benefit Societies Act 2014 requires you to report to us if, in your opinion: * a satisfactory system

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-78df9108-9a98-4af9-8dd6-30bdba0fb101
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/53e68d4a-528f-48a8-9509-2de536f9b3b8
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66000000 - Financial and insurance services

79200000 - Accounting, auditing and fiscal services

Notice Value(s)

Tender Value
£5,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 Jul 20187 years ago
Submission Deadline
31 Jul 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Sep 2018 - 1 Aug 2019 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
ABEONA HOUSING CO-OPERATIVE LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
NW3 2QS
Post Town
North West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI36 Camden
Delivery Location
Not specified
Local Authority
Camden
Electoral Ward
Gospel Oak
Westminster Constituency
Hampstead and Highgate

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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