--- title: "External Audit" ocid: "ocds-b5fd17-679ac078-957a-4297-8e1c-dfef5b915a66" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-679ac078-957a-4297-8e1c-dfef5b915a66" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-679ac078-957a-4297-8e1c-dfef5b915a66.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-679ac078-957a-4297-8e1c-dfef5b915a66.json" source: "Contracts Finder" current_stage: "Tender" buyer: "DURHAM UNIVERSITY" published: "2017-02-24" --- # External Audit Buyer: DURHAM UNIVERSITY Current stage: Tender OCID: ocds-b5fd17-679ac078-957a-4297-8e1c-dfef5b915a66 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-679ac078-957a-4297-8e1c-dfef5b915a66) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-679ac078-957a-4297-8e1c-dfef5b915a66.json) ## Summary Durham University is currently inviting tenders for the provision of external audit services, with a total estimated contract value of £255,000. This tender falls within the auditing services category (CPV code 79212000) and is located in the North East region of the United Kingdom. The procurement process is currently in the Tender stage, with a deadline for submission set for 17th March 2017. The awarded contract will commence on 1st January 2018, lasting for an initial period of three years, and may include extensions based on performance. This tender presents a significant opportunity for professional services firms specialising in auditing, particularly those with experience in higher education and compliance with standards such as FRS102 and HEFCE SORP. Businesses that are SMEs and have the appropriate qualifications and independence to perform audits could strongly benefit from this contract. Additionally, firms that can demonstrate a sound understanding of the financial regulations applicable to educational institutions would be well-positioned to compete in this procurement process. ## Notice The University wishes to establish a contract with a professional services firm to provide external audit services as required by the University's Audit Committee and the Director of Finance. The University's governing body, Council, have approved the tendering of the agreement and stated that the overriding consideration is to appoint an audit firm with the right profile and experience to undertake the University's audit, as well as the ability to exercise appropriate judgement on audit issues, provide value for money and auditor independence. As with all Higher Education Institutions (HEIs), the University is required to comply with FRS102 and the HEFCE SORP. The University is also required to comply with various other standards, for example, Annual Return for the National College of Teaching and Leadership (NCTL), an audit of US federal aid compliance and an audit of US GAAP compliance (triennially). The contract will not be used by any other contracting authorities. The contract will be for an initial period of 3 years, with 2 further extension of 12 months available based upon supplier performance and requirement. A supplier briefing meeting is to be held during W/C 20 March 2017 at Durham University premises. Should you wish to attend or require further information please contact Lyndsay Glasper(lyndsay.glasper@durham.ac.uk ) To express an interest please go to the following website: http://events.transaxions.com/service.aspx?event=6760 ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/87eed6b3-2acb-47df-aaa1-e153edf52746 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 24 Feb 2017 | | Submission deadline | 17 Mar 2017 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 1 Jan 2018 - 31 Dec 2020 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £255,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | DURHAM UNIVERSITY | | Locality | DURHAM | | Post town | Durham | | Postcode | DH1 3LE | | Country | England | | ITL 1 | TLC North East (England) | | ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear | | ITL 3 | TLC41 Durham | | Local authority | County Durham | | Electoral ward | Durham South | | Westminster constituency | City of Durham | | Delivery location | TLC North East (England) | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79212000 - Auditing services ## Release History - 24 Feb 2017 at 16:58 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/87eed6b3-2acb-47df-aaa1-e153edf52746 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/87eed6b3-2acb-47df-aaa1-e153edf52746 24th February 2017 - Opportunity notice on Contracts Finder - http://events.transaxions.com/service.aspx?event=6760 Expression of Interest link: ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-679ac078-957a-4297-8e1c-dfef5b915a66. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-679ac078-957a-4297-8e1c-dfef5b915a66.json.