External Audit

Tender description

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