Notice Information
Notice Title
External Audit Services - Soft Market Engagement
Notice Description
The University is looking to tender, in the near future, its requirement for a supplier to provide external audit services and would like to engage with the marketplace by means of discussions via individual virtual meetings to help enable the University to understand the dynamics of the current marketplace and to enable the opportunity for potential suppliers to ask us any questions or raise any issues directly with the people that matter - the day-to-day end users and owners of the future contract. This exercise is not a call for competition but engagement with the market to help inform our procurement approach in future. The University envisages the scope of the contract to include the below: * External audit of the annual consolidated financial statements of the University of Southampton; * External audit of the annual financial statements of relevant subsidiary companies; * External audit of the annual accounts for the University of Southampton Pension and Assurance Scheme (PASNAS); * Audits relating to the National College for Teaching and Learning, and the Teachers' Pension Scheme contributions and the Federal Family Education Loan Program Compliance report; * Supporting the University in complying with the reporting requirements of a Public Interest Entity and Financial Conduct Authority's Disclosure and Transparency Rules (DTR) in relation to the University's debt securities. For a University of the complexity and size of Southampton, the external auditor would need access to specialist audit skills, be familiar with specific higher education issues and bring relevant knowledge of the large business units operating within the University (e.g. academic faculties, catering, estates, library services etc.). The auditor must be aware of developments within Higher Education particularly where these may have mandatory applications to institutions and/or potentially have significant financial effects.
Lot Information
Lot 1
The University envisages the scope of the contract to include the below: * External audit of the annual consolidated financial statements of the University of Southampton; * External audit of the annual financial statements of relevant subsidiary companies; * External audit of the annual accounts for the University of Southampton Pension and Assurance Scheme (PASNAS); * Audits relating to the National College for Teaching and Learning, and the Teachers' Pension Scheme contributions and the Federal Family Education Loan Program Compliance report; * Supporting the University in complying with the reporting requirements of a Public Interest Entity and Financial Conduct Authority's Disclosure and Transparency Rules (DTR) in relation to the University's debt securities. For a University of the complexity and size of Southampton, the external auditor would need access to specialist audit skills, be familiar with specific higher education issues and bring relevant knowledge of the large business units operating within the University (e.g. academic faculties, catering, estates, library services etc.). The auditor must be aware of developments within Higher Education particularly where these may have mandatory applications to institutions and/or potentially have significant financial effects.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-030bf2
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/001369-2022
- Current Stage
- Planning
- All Stages
- Planning
Procurement Classification
- Notice Type
- Planning Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Not Specified
- Procurement Method Details
- Not specified
- Tender Suitability
- Not specified
- Awardee Scale
- Not specified
Common Procurement Vocabulary (CPV)
- CPV Divisions
79 - Business services: law, marketing, consulting, recruitment, printing and security
-
- CPV Codes
79212000 - Auditing services
79212300 - Statutory audit services
Notice Value(s)
- Tender Value
- £800,000 £500K-£1M
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 17 Jan 20224 years ago
- Submission Deadline
- Not specified
- Future Notice Date
- 31 May 2022Expired
- Award Date
- Not specified
- Contract Period
- Not specified - Not specified
- Recurrence
- Not specified
Notice Status
- Tender Status
- Planned
- Lots Status
- Planned
- Awards Status
- Not Specified
- Contracts Status
- Not Specified
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- UNIVERSITY OF SOUTHAMPTON
- Contact Name
- Alice Mashford
- Contact Email
- a.mashford@soton.ac.uk
- Contact Phone
- Not specified
Buyer Location
- Locality
- SOUTHAMPTON
- Postcode
- SO17 1BJ
- Post Town
- Southampton
- Country
- England
-
- Major Region (ITL 1)
- TLJ South East (England)
- Basic Region (ITL 2)
- TLJ3 Hampshire and Isle of Wight
- Small Region (ITL 3)
- TLJ32 Southampton
- Delivery Location
- TLJ32 Southampton
-
- Local Authority
- Southampton
- Electoral Ward
- Portswood
- Westminster Constituency
- Southampton Test
Further Information
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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