External Audit Services Tender on behalf of NIFHA & NIHACT

Tender description

Clanmil on behalf of NIFHA wish to appoint a suitably qualified auditor to provide external audit services. These services should be carried out in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard 102, ‘‘The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland’’ (‘‘FRS 102’’) under the historical cost convention, and in accordance with applicable accounting standards in the United Kingdom and Statement of Recommended Practice for Accounting by Registered Social Landlords (updated 2014) and be completed by June each year of the contract. STATEMENT OF REQUIREMENTS The contract shall cover the external audit service for the three financial years: 1 April 2018 to 31 March 2019, 2019-20 and 2020-21. The contract will be for a period of 36 months, with the possibility of two further optional extensions of 12 months, subject to satisfactory performance. In addition to the usual auditing requirements the successful provider will be required to provide best practice updates to NIFHA management and stakeholders. The External Auditor will report to NIFHA Finance, Audit & Risk Committee, NIFHA Chief Executive and other relevant members of the Senior Management Team. The external auditor will present audit findings to the Board and members at NIFHA AGM. The scope of the external audit work extends to all operations and records, financial, governance and operational, of the Federation.