Notice Information
Notice Title
External Audit Services
Notice Description
The principal requirement is for the provision of external audit service from 2023 to 2026 (with 3 single year extension options). The successful supplier will independently audit the statutory financial statements of Oak Tree HA and the consolidated financial statements of the Group, for compliance with applicable law, auditing and 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 of the organisations' financial statements. b) Preparation of an annual audit plan for each company to be made available to management during February before the commencement of the final audit in May. c) Formal reporting to the Management Committee. This will typically consist of attending and presenting at Oak Tree Housing Association's special meeting to sign off the Annual Accounts during the first/second week of August. d) Meetings with management pre and post audit to discuss audit plan and audit report respectively in advance of Committee meetings. e) Audit field work on site for up to 4/5 days. Regular progress updates to management to be provided during the field work, concluding with a clearance meeting encompassing all audit issues by the 3rd week of June. f) Generation of the final financial statements, management letter, letter of representation and abbreviated accounts on behalf of Oak Tree Housing Association by the 3rd week of July. g) Attendance at Management Committee meeting for presentation of the Annual Accounts during the 1st/2nd week of August. h) Attendance at Oak Tree Housing Association's Annual General Meeting (2nd/3rd week of August) to present the Financial Statements and take any queries from OTHA members. i) Generation of the annual financial statements on behalf of Oak Tree Housing Association subsidiaries, as required, (currently only Oak Tree Housing Initiatives (OTHI)).. See ITT for full details
Renewal: The contract period will be for 36 months (3 years) with the options to extend for 3 x additional 12 months (single years) based on performance within the contract.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-r6ebe6-0000734173
- Publication Source
- Public Contracts Scotland
- Latest Notice
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG485509
- Current Stage
- Award
- All Stages
- Tender, Award
Procurement Classification
- Notice Type
- PCS Notice - Website Contract Award Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Open
- Procurement Method Details
- Open procedure
- Tender Suitability
- Not specified
- Awardee Scale
- SME
Common Procurement Vocabulary (CPV)
- CPV Divisions
79 - Business services: law, marketing, consulting, recruitment, printing and security
-
- CPV Codes
79210000 - Accounting and auditing services
79212000 - Auditing services
Notice Value(s)
- Tender Value
- £65,000 Under £100K
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- £97,800 Under £100K
Notice Dates
- Publication Date
- 8 Aug 20233 years ago
- Submission Deadline
- 30 Jun 2023Expired
- Future Notice Date
- Not specified
- Award Date
- Not specified
- Contract Period
- Not specified - Not specified
- Recurrence
- See ITT Section 5 Scope
Notice Status
- Tender Status
- Complete
- Lots Status
- Complete
- Awards Status
- Not Specified
- Contracts Status
- Active
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- Oak Tree Housing Association Ltd
- Contact Name
- Available with D3 Tenders Premium →
- Contact Email
- Available with D3 Tenders Premium →
- Contact Phone
- Available with D3 Tenders Premium →
Buyer Location
- Locality
- GREENOCK
- Postcode
- PA15 1NR
- Postcode Area
- Paisley
- Country
- Scotland
-
- Major Region (ITL 1)
- TLM Scotland
- Basic Region (ITL 2)
- TLM3 West Central Scotland
- Small Region (ITL 3)
- TLM33 Inverclyde, East Renfrewshire, and Renfrewshire
- Delivery Location
- TLM81 East Dunbartonshire, West Dunbartonshire, and Helensburgh and Lomond
-
- Local Authority
- Inverclyde
- Electoral Ward
- Inverclyde North
- Westminster Constituency
- Inverclyde and Renfrewshire West
Further Information
Notice Documents
-
https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=JUN480073&idx=1
2nd June 2023 - OTHA - EA Tender Pack 2023 -
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN480073
External Audit Services - The principal requirement is for the provision of external audit service from 2023 to 2026 (with 3 single year extension options). The successful supplier will independently audit the statutory financial statements of Oak Tree HA and the consolidated financial statements of the Group, for compliance with applicable law, auditing and 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. -
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG485509
External Audit Services - The principal requirement is for the provision of external audit service from 2023 to 2026 (with 3 single year extension options). The successful supplier will independently audit the statutory financial statements of Oak Tree HA and the consolidated financial statements of the Group, for compliance with applicable law, auditing and 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.
Open Contracting Data Standard (OCDS)
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.