---
title: "External Audit Services"
ocid: "ocds-h6vhtk-032ad5"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-032ad5"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-032ad5.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-032ad5.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "UNIVERSITY OF SOUTHAMPTON"
published: "2022-12-20"
---

# External Audit Services

Buyer: UNIVERSITY OF SOUTHAMPTON  
Current stage: Award  
OCID: ocds-h6vhtk-032ad5

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## Summary

The University of Southampton has recently completed a procurement process for External Audit Services. This service involves the external audit of the University's financial statements and those of its UK and overseas subsidiary companies. The procurement was conducted as an Open procedure with the University requiring UK-registered and Malaysian-registered auditors to comply with specific ethics and independence criteria. The contract period is for 10 years, with a total estimated value of £1,750,000 to £2,750,000 GBP (excluding VAT).

This tender for External Audit Services from the University of Southampton presents an opportunity for UK and Malaysian registered auditors to provide auditing services over the next decade. Businesses in the auditing and accountancy sector that meet the specified registration and ethical requirements would be well-suited to compete for this substantial contract. The long-term nature of the contract and the clear evaluation criteria make it an attractive opportunity for auditors looking to establish a stable and significant client relationship.

## Notice

The University requires an external auditor to provide the external audit of the University's annual consolidated financial statements and of the annual financial statements of its relevant UK and overseas subsidiary companies including pensions. Tenderers must be a UK-registered auditor, registered with a relevant UK accountancy body, and a Malaysian-registered auditor. Where the University requires external audit services to be provided for its overseas subsidiaries, the Tenderer will also need to confirm they (or their subcontractor that will be fulfilling the services locally) are compliant with local auditor registration requirements. The Tenderer will need to confirm they are compliant with the Financial Reporting Council's Code of Ethics particularly in respect of the start date of this Contract and the independence required for working with public interest entities.

### Lot Information

Lot 1

The University requires an external auditor to provide the external audit of the University's annual consolidated financial statements and of the annual financial statements of its relevant UK and overseas subsidiary companies including pensions. Tenderers must be a UK-registered auditor, registered with a relevant UK accountancy body, and a Malaysian-registered auditor. Where the University requires external audit services to be provided for its overseas subsidiaries, the Tenderer will also need to confirm they (or their subcontractor that will be fulfilling the services locally) are compliant with local auditor registration requirements. The Tenderer will need to confirm they are compliant with the Financial Reporting Council's Code of Ethics particularly in respect of the start date of this Contract and the independence required for working with public interest entities. Procurement Process: This procurement process is being conducted as an Open procedure. Tenderers will need to achieve a minimum acceptable qualitative pass mark of 50%. Tenderers who do not achieve an overall qualitative score of 50% or higher will be excluded from the competition and will not receive a Commercial score. The University will tell you that you have been excluded from the procurement and why at the award stage. Contract Period: The University proposes to enter into a contract for 10 years - this will be the maximum contract period, including any potential extensions with the successful tenderer. This will comprise of an initial contract period of 5 years with an option to extend by a further 5 years subject to satisfactory performance and at the discretion of the University. Contract Value: The estimated value of the initial 5-year contract term is in the region of PS875,000 - PS1,375,000 GBP (excluding VAT). The estimated value of the 5-year extension period is PS875,000 - PS1,375,000 GBP (excluding VAT). Details of current expenditure or potential future uptake are given as a guide based on past purchasing and current planning to assist you in the preparation of your Tender. They should not be interpreted as an undertaking to purchase any goods or services to any particular value and not form part of the Contract. Additional information: Lots: This contract is NOT suitable for splitting into lots. The risk of dividing the requirement into Lots would render the execution of the contract excessively difficult, not cost effective and would undermine proper execution of the contract.

Renewal: This contract is likely to be subject to renewal towards the end of this contract period.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/036068-2022 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 20 Dec 2022 |
| Submission deadline | 6 Jun 2022 |
| Future notice date | Not specified |
| Award date | 28 Nov 2022 |
| Contract period | Not specified |
| Recurrence | This is likely to be re-procured in 2027 or 2032, depending on whether the optional extension is used. |

## Values

| Field | Value |
| --- | --- |
| Tender value | £2,750,000 |
| Lots value | £2,750,000 |
| Awards value | Not specified |
| Contracts value | £1,659,210 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | UNIVERSITY OF SOUTHAMPTON |
| Locality | SOUTHAMPTON |
| Post town | Southampton |
| Postcode | SO17 1BJ |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ3 Hampshire and Isle of Wight |
| ITL 3 | TLJ32 Southampton |
| Local authority | Southampton |
| Electoral ward | Portswood |
| Westminster constituency | Southampton Test |
| Delivery location | TLJ32 Southampton |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | DELOITTE |

## CPV Codes

### Divisions

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

### Codes

- 79212000 - Auditing services
- 79212300 - Statutory audit services

## Release History

- 20 Dec 2022 at 15:22 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/036068-2022
- 6 Apr 2022 at 14:02 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/009274-2022

## Notice URLs

- http://www.southampton.ac.uk
- https://intendhost.co.uk/universityofsouthampton
- https://www.southampton.ac.uk/

## 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-h6vhtk-032ad5. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-032ad5.json.