Published date: 17 January 2022

This notice was replaced on 6 April 2022

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 20 December 2022)

Closed early engagement


Contract summary

Industry

  • Auditing services - 79212000

Location of contract

SO17 1BJ

Procurement reference

2021UoS-0241

Published date

17 January 2022

Closing date

28 January 2022

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

The University of Southampton is looking to tender, in the near future, its requirement for a supplier to provide external audit services and would like to engage with the marketplace by means of discussions via individual virtual meetings to help enable the University to understand the dynamics of the current marketplace and to enable the opportunity for potential suppliers to ask us any questions or raise any issues directly with the people that matter - the day-to-day end users and owners of the future contract.
This exercise is not a call for competition but engagement with the market to help inform our procurement approach in future.
The University envisages the scope of the contract to include the below:
• External audit of the annual consolidated financial statements of the University of Southampton;
• External audit of the annual financial statements of relevant subsidiary companies;
• External audit of the annual accounts for the University of Southampton Pension and Assurance Scheme (PASNAS);
• Audits relating to the National College for Teaching and Learning, and the Teachers' Pension Scheme contributions and the Federal Family Education Loan Program Compliance report;
• Supporting the University in complying with the reporting requirements of a Public Interest Entity and Financial Conduct Authority's Disclosure and Transparency Rules (DTR) in relation to the University's debt securities.

For a University of the complexity and size of Southampton, the external auditor would need access to specialist audit skills, be familiar with specific higher education issues and bring relevant knowledge of the large business units operating within the University (e.g. academic faculties, catering, estates, library services etc.). The auditor must be aware of developments within Higher Education particularly where these may have mandatory applications to institutions and/or potentially have significant financial effects.

To access further information and instructions, and to participate in this soft market engagement exercise, you will need to register on the University's electronic tendering portal In-Tend https://in-tendhost.co.uk/universityofsouthampton/aspx/Home

About the buyer

Contact name

Alice Mashford

Address

HIGHFIELD CAMPUS,UNIVERSITY ROAD
SOUTHAMPTON
SO171BJ
England

Email

a.mashford@soton.ac.uk