Tender

External Audit Services 2022 - 2027

EAST KILBRIDE AND DISTRICT HOUSING ASSOCIATION LTD

This public procurement record has 1 release in its history.

Tender

11 Feb 2022 at 00:00

PCS Notice - Website Contract Notice
Summary of the contracting process

The East Kilbride and District Housing Association Ltd is inviting tenders for the provision of External Audit Services for the period from 2022 to 2027. This procurement falls under the housing and community amenities sector and is located in East Kilbride, UK. The tender is currently in the active stage, with bids due by 12:00 on 11th March 2022. The process follows an open procurement method, allowing all interested parties to submit their proposals electronically. The successful bidder will be responsible for auditing statutory financial statements and will need to comply with the Regulatory Standards of Governance and Financial Management.

This tender presents significant opportunities for auditing firms and financial professionals looking to expand their market presence. Companies with registered auditors and relevant accreditations, particularly those specialising in external audits, will find themselves well-suited to compete for this contract. The requirement for timely and accurate communication, as well as the potential for contract renewal based on performance, further highlights the prospects for ongoing collaboration with the East Kilbride and District Housing Association Ltd.

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Notice Information

Notice Title

External Audit Services 2022 - 2027

Notice Description

The principal requirement is for the provision of external audit service from 2022 to 2027 to ensure continuity of service and provide economies of scale to the service provision. The successful supplier will independently audit the statutory financial statements EKHA and the consolidated financial statements accounting standards and the needs of lenders in respect of loan covenants. External audit is a requirement of the Regulatory Standards of Governance and Financial Management published by the SHR and Company Law.

Lot Information

Lot 1

The external audit and tax service will include, but not be limited to: a) The planning, management and efficient execution of the annual external audit Association financial statements b) Preparation of an annual audit plan for each company to be made available to management at least 3 weeks before the commencement of the final audit c) Formal reporting to the Finance and Audit Sub-Committee, the Management Committee and Subsidiary Board. This will typically consist of attending the June/August meetings and presenting the findings, final accounts, letter of representation and a comprehensive management letter for each company d) Meetings with management pre and post audit to discuss audit plan and audit report respectively in advance of Committee/Board meetings e) Generation of the final financial statements on behalf of EKHA f) Audit field work on site for up to 14 days for the interim audit and up to 6 days for the final audit. Regular progress updates to management to be provided during the field work, concluding with a clearance meeting encompassing all audit issues. g) Attendance at EKHA's Annual General Meeting with a report presentation h) Provision of timely and accurate advice and guidance on technical accounting and finance issues. Owing to the time critical nature of the process of preparation of annual financial statements it is expected that the principal external audit contacts will be readily available by telephone/email and will provide a full response to requests within 2 working days. i) Timely provision of model financial statements, relevant technical accounting updates, including relevant Financial Reporting Standards, Statements of Recommended Practice and Accounting Orders. j) Excellent and timely communication between auditor and client on all matters, including feedback on information supplied and immediate feedback on any predicted cost over-runs k) The provision of added value and innovation to the audit process l) The supplier is expected to use their skill, knowledge and expertise to identify any gaps in this scope and address them in their submission. m) Co-operation with EKHA's internal auditors where you wish to rely on their assurance work when planning the statutory audit

Renewal: The contract period will be for 36 months (3 years) with the options to extend for 2 x additional 12 months (single years) based on performance within the contract.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000683130
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB440510
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
PCS Notice - Website Contract Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Feb 20224 years ago
Submission Deadline
11 Mar 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
2026 or 2027 if options to extend are taken.

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
EAST KILBRIDE AND DISTRICT HOUSING ASSOCIATION LTD
Contact Name
Not specified
Contact Email
info@ekdha.co.uk
Contact Phone
+44 1355227751

Buyer Location

Locality
EAST KILBRIDE
Postcode
G74 4DP
Post Town
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM9 Southern Scotland
Small Region (ITL 3)
TLM95 South Lanarkshire
Delivery Location
TLM95 South Lanarkshire
Local Authority
South Lanarkshire
Electoral Ward
East Kilbride Central North
Westminster Constituency
East Kilbride and Strathaven

Further Information

Notice Documents

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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