---
title: "External Audit Services"
ocid: "ocds-r6ebe6-0000734173"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000734173"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000734173.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000734173.json"
source: "Public Contracts Scotland"
current_stage: "Award"
buyer: "OAK TREE HOUSING ASSOCIATION LTD"
published: "2023-08-08"
---

# External Audit Services

Buyer: OAK TREE HOUSING ASSOCIATION LTD  
Current stage: Award  
OCID: ocds-r6ebe6-0000734173

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## Summary

The Oak Tree Housing Association Ltd has recently awarded a contract for External Audit Services. The procurement process involved the provision of external audit services from 2023 to 2026, with possible extensions. Alexander Sloan Chartered Accountants won the contract, valued at £97,800. The audit services will cover offices and properties of Oak Tree HA in Greenock, Scotland. The procurement stage was completed on 8th August 2023.

This tender for External Audit Services by Oak Tree Housing Association Ltd offers a business growth opportunity, particularly for accounting firms specialising in audit services. The contract includes auditing financial statements and compliance with legal standards, offering a significant opportunity for accounting and audit service providers. Small and medium-sized enterprises (SMEs) in the audit industry would be well-suited to compete, with potential for long-term collaboration given the contract's extension options.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG485509 |
| 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 |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 8 Aug 2023 |
| Submission deadline | 30 Jun 2023 |
| Future notice date | Not specified |
| Award date | 8 Aug 2023 |
| Contract period | Not specified |
| Recurrence | See ITT Section 5 Scope |

## Values

| Field | Value |
| --- | --- |
| Tender value | £65,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £97,800 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Not specified |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | OAK TREE HOUSING ASSOCIATION LTD |
| Locality | GREENOCK |
| Post town | Paisley |
| Postcode | PA15 1NR |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM3 West Central Scotland |
| ITL 3 | TLM33 Inverclyde, East Renfrewshire, and Renfrewshire |
| Local authority | Inverclyde |
| Electoral ward | Inverclyde North |
| Westminster constituency | Inverclyde and Renfrewshire West |
| Delivery location | TLM81 East Dunbartonshire, West Dunbartonshire, and Helensburgh and Lomond |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ALEXANDER SLOAN CHARTERED ACCOUNTANTS |

## CPV Codes

### Divisions

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

### Codes

- 79210000 - Accounting and auditing services
- 79212000 - Auditing services

## Release History

- 8 Aug 2023 at 00:00 - Award - PCS Notice - Website Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG485509
- 2 Jun 2023 at 00:00 - Tender - PCS Notice - Website Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN480073

## 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.

## Notice URLs

- http://
- http://www.oaktreeha.org.uk
- http://www.publiccontractsscotland.gov.uk/
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000734173
- https://www.scotcourts.gov.uk/the-courts/court-locations/glasgow-sheriff-court-and-justice-of-the-peace-court

## 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-r6ebe6-0000734173. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000734173.json.