External Audit Services for Live Active Leisure

Tender description

Live Active Leisure is seeking to appoint a firm of Auditors to undertake statutory audit requirements for two companies; Live Active Leisure Limited and Live Active Leisure Trading Limited, although the company Live Active Leisure Limited will form almost all of the work. Live Active Leisure is seeking to appoint a firm of Auditors to undertake statutory audit requirements for two companies; Live Active Leisure Limited and Live Active Leisure Trading Limited, although the company Live Active Leisure will form almost all of the work. This will also include preparation of the statutory accounts, to ensure compliance with all necessary accounting requirements. The financial statements (Trial Balance, Balance Sheet and I&E) are prepared in-house by the Finance team to a high standard with back up files made available to provide evidence of figures. Historically our audit process has involved fieldwork being carried out in June. The requirements for successful appointment are: - Statutory Auditor - Extensive charity sector experience - Leisure sector experience desirable Requirements: 1. Live Active Leisure requires a comprehensive, effective and professional external audit service to assist it in complying with all appropriate statutory reporting obligations. The external auditor will be responsible for ensuring high standards of Corporate Governance through concluding audit services in accordance with appropriate auditing standards and as specified by OSCR. 2. Services Required are: a) Provision of the annual external audit service. The main aim being to complete the formal audit of Live Active Leisure Limited and Live Active Leisure Trading Limited’s annual Financial Statements, in line with required timescales and legislative requirements and providing an audit opinion and audit certificate on those statements. b) Annual Statutory Audit to be completed in advance of final sign off at October Board meeting. c) Provision of an Audit Report to the Live Active Leisure Board. The Report is expected to cover any major issues identified. d) Preparation of statutory accounts to include compliance with all necessary accounting requirements. Final Trial Balances will be provided by end of May. Draft accounts to be prepared by 7th June for inclusion within PKCs draft accounts. e) Statutory filing obligations to be met. f) Corporation Tax computations and filing g) Provision of advice on financial, accounting and auditing standards, legislative and regulatory changes as applicable. h) Updates in advance of relevant legislative changes to the financial control & reporting landscape.