Financial auditing services

Tender description

External Audit Services The University of Portsmouth intends to appoint an external audit provider to support the activities of the University and its subsidiary undertakings with the necessary audit work on the 2015/16 financial statements. The contract will be awarded annually by The University Board of Governors, but subject to satisfactory performance, the University would not intend to undertake a tender exercise again for at least 5 years. Subject to satisfactory performance, the contract may be extended without formal tendering for up to a maximum of a further 1 year beyond the initial 5 years. Note: The appointed supplier will be expected to start work immediately upon award of this contract. The external audit provider must have sufficient skills, expertise and experience to provide services at least to cover the relevant provisions of the Model Financial Memorandum between HEFCE and Institutions (http://www.hefce.ac.uk/pubs/hefce/2010/10_19). For a university of the complexity and size of Portsmouth, the external auditor would need access to specialist audit skills (e.g. tax, computer audit), to be familiar with specific higher education iUoPes and bring relevant knowledge of the large business units operating within the University (e.g. academic faculties, catering, estates, library services etc.,). The auditor must be aware of developments within Higher Education particularly where these may have mandatory applications to institutions and/or potentially have significant financial effects and risks. The University will be looking to short-list to a minimum of 5 suppliers at the selection stage of the tender. Only the shortlisted suppliers will have their full ITT's assessed. To Express an Interest in this project please register on the University of Portsmouth In-Tend webpage and express an interest in this project. Please find the weblink for our webpage below: https://in-tendhost.co.uk/port/