QUB/2232/22 Provision of External and Internal Audit Services

Tender description

The University invited tenders for the provision of:Lot 1: External Audit and Third-Party Audit ServicesLot 2: Internal Audit Services Lot 1: External Audit and Third Party Audit Services The role of the University’s External Auditors is to report on the Group and University’s financial statements and to carry out such examination of the statements and underlying records/control systems as is necessary to reach an opinion on the statements, maximising appropriate reliance on the Internal Audit findings. The External Auditors will also be required to undertake additional certification/audit duties, as a requirement of a number of external funding bodies, including the EU and INI.Economic Operators are also requested to provide pricing for the external audit for a number of the University’s associated companies. However, it should be noted that the final decision to appoint External Auditors will rest with the Boards / Trustees of the individual organisations. Lot 2: Internal Audit The role of Internal Audit is to provide an independent appraisal function, giving assurance that the University’s systems of internal control (including those arrangements for achieving economy, efficiency and effectiveness) are adequate