Public Sector Network Tender Alert

 

401682-2012: UK-London: Auditing services

The requirement is for one company to undertake the external audit of the financial statements for each of the City's non local authority funds, namely; City's Cash, City's Cash Trusts, Bridge House Estates, Sundry Trusts and other accounts. The first year's financial statements to be audited under this contract will be those relating to the financial year ending 31 March 2014.
City's Cash is an amalgam of funds including endowments which have been built up over the centuries. It is an unincorporated fund which is not governed by any statutes or regulations. Until the financial year ended 31 March 2013, the City's Cash financial statements have been prepared following the general format of the Statement of Recommended Practice Accounting and Reporting by Charities (Revised 2005) but with a number of exceptions. The auditor's opinion has therefore confirmed that the financial statements have been properly prepared in accordance with the accounting policies stated in the notes. However, it is the City of London Corporation's intention to prepare City's Cash financial statements that are fully compliant with UK Generally Accepted Accounting Practice (UKGAAP) with effect from year ending 31 March 2014. Consequently, the auditor's opinion on the financial statements relating to 2013/14 and subsequent years is expected to be on the basis of a true and fair view.
The other financial statements are prepared in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities (Revised 2005)

Ref: No reference provided,

Contact:

City of London Corporation
Chamberlain, PO Box 270, Guildhall
For the attention of: Steve Telling
EC2P 2EJ London
UNITED KINGDOM
Telephone: +44 2073321284
E-mail: steve.telling@cityoflondon.gov.uk
Further information can be obtained from: City of London Corporation
UNITED KINGDOM
Internet address: http://www.londontenders.org
Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: City of London Corporation
UNITED KINGDOM
Internet address: http://www.londontenders.org
Tenders or requests to participate must be sent to: City of London Corporation
UNITED KINGDOM
Internet address: http://www.londontenders.org

Contract value: Estimated value excluding VAT: 500 000 GBP

Published: 19 Dec 2012, Receipt by: 14 Jan 2013