Statutory & Regulatory Audit
Published
Description
Southern Water Services (SWS) under all Applicable Law relating to the financial reporting and audit of company accounts, including the statutory audit of public interest entities (PIEs), SWS is seeking to renew, for itself and on behalf of the Greensands Holdings Group (of which it is principal operating company), its statutory audit services by competitive tender. As part of this process, Southern Water Services SWS is also seeking to renew the audit of its regulatory accounting statements within the annual performance report for each financial year, as required by its Instrument of Appointment (Licence) granted by the Secretary of State for the Environment as a water and sewerage undertaker under the Water Industry Act 1991 and as specified by the Water Services Regulation Authority (Ofwat). Lot 1: TThe audit Services conducted by the successful Auditor must be conducted in accordance with International Standards on Auditing (UK and Ireland) issued from time to time by the Financial Reporting Council. The role of the external Auditor will be to report on the financial statements of SWS (or any corporate member of the Greensands Holdings Group as applicable); to carry out the necessary assessments of the statements and underlying records and control systems in order to reach a fair and unbiased opinion on the statements. Audits must be able to provide assurance that the financial statements are free from material misstatement and give a true and fair view. The successful Auditor must obtain an understanding of the accounting and the internal control systems in order to assess their adequacy as a basis for the preparation of the financial statements and to form an opinion whether adequate accounting records have been maintained by the relevant audited company. In addition to the regulatory audit required by Ofwat, SWS is also seeking to renew additional assurance on an “Agreed Upon Procedures” basis for other elements of its annual reporting, for example, but not limited to sections of the Annual Performance Report not covered by the Ofwat requirements and the viability statement The auditor will carry out such investigations as to enable them to form an opinion as to: (a) whether adequate accounting records have been kept by SWS and returns adequate for the audit (b) whether SWS’s individual financial statements are in agreement with the accounting records and returns. (c) whether certain disclosures of directors’ remuneration specified by law have been made. (d) whether they have obtained all the information and explanations which, to the best of their knowledge and belief, are necessary for the purpose of our audit; and The Auditor should provide a management report to SWS which highlights any potential issues, or risks within the audit that was conducted. The Auditor should provide reports on the financial statements of SWS income and expenditure, recognised gains and losses and statement of cash flow for the year. They should take into account relevant statutory and other mandatory disclosure and accounting requirements and funding body requirements. The audit services conducted by the successful Auditor must be conducted in accordance with International Standards on Auditing (UK and Ireland) issued from time to time by the Financial Reporting Council, relevant ethical standards and applicable law.
Timeline
Award date
3 years ago
Publish date
3 years ago
Buyer information
Southern Water Services Ltd
- Email:
- Kirsty.Lodge@southernwater.co.uk
Explore contracts and tenders relating to Southern Water Services Ltd
Go to buyer profileNotice topic
Source
"Find-a-Tender"To save this opportunity, sign up to Stotles for free.
Save in appTender tracking
Access a feed of government opportunities tailored to you, in one view. Receive email alerts and integrate with your CRM to stay up-to-date.
Proactive prospecting
Get ahead of competitors by reaching out to key decision-makers within buying organisations directly.
360° account briefings
Create in-depth briefings on buyer organisations based on their historical & upcoming procurement activity.
Collaboration tools
Streamline sales workflows with team collaboration and communication features, and integrate with your favourite sales tools.
Explore similar tenders and contracts
Browse open tenders, recent contract awards and upcoming contract expiries that match similar CPV codes.
- Awarded
Provision of Statutory External Audit Services for MHPA and its Subsidiaries
Milford Haven Port AuthorityPublished 3 days ago
- Awarded
Land and Buildings Valuation Exercise
South Of England Procurement Centre66,000 GBPPublished 18 days ago
- Awarded
External Audit Services to the Inspiration Trust multi academy trust
Inspiration Trust134,770 GBPPublished 28 days ago
- Awarded
1698 Provision of MHIS Audit Services for NHS Coventry & Warwickshire ICB
NHS Coventry and Warwickshire Integrated Care Board83,746.8 GBPPublished a month ago
- Awarded
Provision & Support Services of a Patient Records Data Solution
South East Coast Ambulance Service NHS Foundation Trust81,700 GBPPublished 2 months ago
- Awarded
Clinical Leadership for the National Audit of Pulmonary Hypertension
NHS England10,369.75 GBPPublished 2 months ago
- Awarded
External Audit Services The Royal Marsden Hospital
The Royal Marsden NHS Foundation Trusts1,040,000 GBPPublished 2 months ago
Explore other contracts published by Southern Water Services Ltd
Explore more open tenders, recent contract awards and upcoming contract expiries published by Southern Water Services Ltd.
- Awarded
Water Demand Forecasting Tool/Solution
Southern Water Services Ltd194,988 GBPPublished 2 months ago
- Awarded
prj_2203 Valves and Actuators
Southern Water Services Ltd9,142,565.44 GBPPublished 4 months ago
- Awarded
Operational Instrumentation Control Automation
Southern Water Services Ltd1,099,672,000 GBPPublished 6 months ago
- Awarded
prj_3630 - Non Domestic Natural Gas Supply and Associated Services
Southern Water Services LtdPublished 10 months ago
Explore more suppliers to Southern Water Services Ltd
Sign upExplore top buyers for public sector contracts
Discover open tenders, contract awards and upcoming contract expiries of thousands of public sector buyers below. Gain insights into their procurement activity, historical purchasing trends and more.
- East Kent Hospitals University
- Limerick and Clare Education and Training Board
- RSPB
- Quality and Qualifications Ireland (QQI)
- Institute of Technology Tallaght
- National Screening Service
- Business Services Organisation, Procurement and Logistics Service on behalf of the Northern Ireland Fire and Rescue Service
- Blaby Parish Council
- The Kingston Academy
- Abbey Academies Trust
- Stoke Park School and Community College
- Wickersley Partnership Trust
- Stirchley & Brookside Parish Council
Explore top sources for public sector contracts
Stotles aggregates public sector contract data from every major procurement data source. We ingest this data and surface the most relevant insights for our users. Explore our list of public sector procurement data sources below.