Official UK procurement notice
External Audit Services · UK public procurement notice
Authority: London Councils (Local council)
What is being bought
Published requirement descriptionLondon Councils represents London's 32 borough councils and the City of London. It is a cross party organisation that works on behalf of all of its member authorities regardless of political persuasion.
London Councils' joint committees are established under section 101 and 102 of the Local Government Act 1972 and other enabling legislation. London Councils' governing agreement requires the production and audit of the annual accounts for the joint committees. A similar requirement exists in the Articles of Association of London Councils Limited. As a result of this requirement, London Councils has to produce annual accounts for each of its entities. The activities of the Transport and Environment Committee, the Grants Committee and the company are incorporated into London Councils Joint Committee's consolidated accounts.
London Councils is inviting tenders for the provision of external audit services for a four year period, commencing with the audit of the 2022/23 financial statements and return and ending on the completion of the audit of the 2025/26 financial statements and employers' association return.
On the conclusion of the annual audits, the Potential Provider shall provide an independent audit opinion and report on London Councils' financial statements and employers' return. The audit should be conducted in accordance with International Standards on Auditing (UK).
CPV: Auditing services
The lotProcurement structure
single lot · no lot value publishedLot #1London Councils' joint committees are established under section 101 and 102 of the…
London Councils' joint committees are established under section 101 and 102 of the Local Government Act 1972 and other enabling legislation. London Councils' governing agreement requires the production and audit of the annual accounts for the joint committees. A similar requirement exists in the Articles of Association of London Councils Limited. As a result of this requirement, London Councils has to produce annual accounts for each of its entities. The activities of the Transport and Environment Committee, the Grants Committee and the company are incorporated into London Councils Joint Committee's consolidated accounts.
The three joint committee accounts are prepared in accordance with proper practices set out in the CIPFA/LASAAC Code of Practice on Local Authority Accounting in the United Kingdom and the company accounts are prepared in accordance with United Kingdom Accounting Standards including FRS102.
In addition, London Councils, as an employer's association, has an obligation under the Trade Union and Labour Relations (Consolidation) Act 1992 to submit an annual return (AR27) to the Certification Officer. The information included in the return is based on the audited financial accounts. The act imposes a duty on London Councils to appoint an auditor to audit the accounts included in the return and report on whether they give a true and fair view of the committee's affairs.
London Councils financial year runs from the 1st of April to the 31st of March.
The annual accounts are prepared by London Councils' finance section which is part of the Corporate Resources Division.
London Councils is inviting tenders for the provision of external audit services for a four year period, commencing with the audit of the 2022/23 financial statements and return and ending on the completion of the audit of the 2025/26 financial statements and employers' association return.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
- Suitability
The Potential Provider must be eligible for appointment as a statutory auditor under the Companies Act 2006.
- Technical & professional ability
The Potential Provider must be eligible for appointment as a statutory auditor under the Companies Act 2006.
Relevant accounting and auditing standards.
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Closed
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- No (one-off requirement)
- First published
- 15 Jun 2022, 14:08 BST
- Last source update
- 15 Jun 2022, 14:08 BST
- Award evaluation window
- 15 Jul 2022 – …
- Authority reference
LC/2022/05/20- FTS notice number
2022/S 000-016419- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0346c8Find a Tender
- Performance terms
The Potential Provider will be required to prepare an annual external audit plan detailing their scope and approach to their annual audits by the 5th of February of each year and an annual audit report that reflects the outcome of the audit by 5th of September of each year.
The Potential Provider will provide audit opinions to be inserted into the financial statements as necessary and complete the audit report included in the AR27 return.
In addition to expressing an opinion on the financial statements, the Potential Provider will be required to consider the completeness of disclosures in the Annual Governance Statements.
The Audit Committee meets three times a year and it is expected that the Potential Provider's representative will attend at least two of the meetings to present their audit plan and audit report. However, the Audit Committee may request attendance of the Potential Provider at additional meetings or the Potential Provider may seek a meeting with the Chair or member of the Committee.
The Potential Provider will be expected to liaise with London Councils internal auditors during the course of their appointment in order to avoid areas of duplicated work.
How it was run
Official notice- Submission deadline
- 15 Jul 2022, 12:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bids opened
- 15 Jul 2022, 12:01 BST
Timeline
15 Jun 2022 → 15 Jul 2022 · 3 dates- Notice published15 Jun 2022, 14:08 BST
- Submission deadline15 Jul 2022, 12:00 BST
- Bids opened15 Jul 2022, 12:01 BST
Contracting authority & participating public bodies
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria