Statutory audit services

Tender description

This is a call to competition by CIE for the Provision of Statutory Audit and Associated Services as required by CIE and its subsidiaries. The key areas covered under this tender process are: Statutory Audit requirements; Taxation Requirements; Accounting Requirements; Consultancy Requirements; Pension Funds Annual Audit; Further information and details can be obtained from the attached PQQ. This is a call to competition by CIE for the Provision of Statutory Audit and Associated Services as required by CIE and its subsidiaries. The principal Statutory Audit requirements are: — Timely assurance on the financial statements of the Holding company and its subsidiaries through the audit opinion expressed on those statements; — Assurance on the adequacy of internal controls applied throughout the Group; and — Constructive comments and pragmatic advice on the operation of the business based on information gathered in the course of the audit, and experience of best business practice. — To develop and maintain a detailed understanding of the transportation business, of CIÉ's operating environment, and of its complex accounting and control systems; — To apply sophisticated audit techniques which take cognisance of the accounting and control systems which have been established and provide assurance that they continue to operate as intended; — To use advanced computer auditing techniques to ensure that the audit effort is both effective and efficient; and — To liaise with the CIE Group's Internal Audit function. Taxation Requirements — To advise on all areas of taxation including but not limited to Corporation Tax, VAT, PAYE, PRSI, Excise Tax and Duties. — To prepare the required taxation returns for the Revenue Commissioners. — To Liaise and advise in relation to the Large Case Division. Accounting Requirements — These will tend to be special 1 off projects as the need arises. Consultancy Requirements — These will tend to be special 1 off projects as the need arises. Pension Funds Annual Audit — The annual audit of the CIÉ Superannuation Scheme 1951 (Amendment) Scheme 2000. — The annual audit of the CIÉ Pension Scheme for Regular Wages Staff. Further details can be obtained from the attached PQQ The initial award period of the contract is 36 months, with an option to extend for either 1 additional period of 24 months or 2 periods of 12 months each. This is at CIE's discretion, if the option to extend by 12 months is chosen there is no guarantee that both 12 month options will be utilized.