Provision of External Audit Services

Concepts

• auditing services
• provision of external audit services
• bridgend
• merthyr tydfil
• merthyr valleys homes
• service provider shall
• international standards on auditing
• accounting and auditing
• independent external audit service
• audit committee

Location

Bridgend and Neath Port Talbot: Merthyr Valleys Homes Ltd, Ty Brychan, 22 Lansbury Road, Gellideg, Merthyr Tydfil, CF48 1HA Valleys to Coast Ltd, Tremains Business Park Tremains Road, Bridgend CF31 1TZ

Description

Merthyr Valleys Homes (MVH) and Valleys to Coast (V2C) are looking for a suitably qualified, accredited and experienced Service Provider to deliver comprehensive External Audit Services and independent assurance of MVH and V2C as individual Registered Social Landlord’s (RSL) and its on-going operations. The Service Provider will be required to provide an independent external audit service which meets all statutory and regulatory requirements including but not limited to compliance with the following to the extent they currently or subsequently apply in Wales: United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102; International Standards on Auditing (UK and Ireland); Accounting Requirements for Registered Social Landlords General Determination (Wales) 2015; Co-Operative and Community Benefit Societies Act 2014; Housing and Regeneration Act 2008; Housing (Wales) Act 2014; Financial Reporting Council’s Revised Ethical Standard 2016.

Total Quantity or Scope

The Service Provider shall be required to conduct two (2) audits per year per Registered Social Landlord (Merthyr Valleys Homes and Valleys to Coast) and provide the Board, Audit Committee and senior management with a comprehensive management report on the findings of each audit carried out. In their reports, the Service Provider shall report on failures or weaknesses in controls, together with appropriate recommendations for remedial action to management and the Audit Committee. The two (2) audits annually shall be as follows: An interim audit is to be conducted before the financial year end with the final report received before 30 April each year. A final audit conducted and completed (including final reporting) by no later than 30 June each year. Merthyr Valleys Homes and Valleys to Coast is looking to commence works with the appointed Service Provider from: -Merthyr valleys Homes Ltd, 1st March 2023 (for financial year 2022/2023) -Valleys to Coast Ltd 1st July 2023 (for financial year 2023/2024)

Renewal Options

2 x 12 month periods

Award Criteria

CPV Codes

• 79212000 - Auditing services
• 79210000 - Accounting and auditing services
• 79212100 - Financial auditing services
• 79212300 - Statutory audit services

Indicators

• This is a recurring contract.
• Renewals are available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** NOTE: The authority is using eTenderwales to carry out this procurement process. To obtain further information record your interest on Sell2Wales at https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=125019 Under the terms of this contract the successful supplier(s) will be required to deliver Community Benefits in support of the authority’s economic and social objectives. Accordingly, contract performance conditions may relate in particular to social and environmental considerations. The Community Benefits included in this contract are: Please refer to the tender documents (WA Ref:125019)