Auditing services

Tender description

The University of Strathclyde is seeking competitive tenders for the provision of external audit services. The University of Strathclyde seeks to appoint an external auditor for a period of 5 years, commencing with the audit of the Financial Statements for 2019/20. The external auditor shall be required to perform audit duties in respect of the following: Audit of the following bodies described here after collectively as the ‘University’ — University of Strathclyde — the Stenhouse Scholarship Trust. The University will also require certification of the following specific returns: — the University’s higher education discretionary fund return — the University’s compliance return for the US Federal Family Education Loan Program — the return to the European Investment Bank confirming the University’s compliance with its loan covenants. The appointed auditors will be required to certify that they are eligible for appointment within the meaning and requirements of the Companies Act. The external auditors will audit the University’s annual financial statements in the audit report to the audit and risk committee the external auditors are required to state whether, in their opinion: — the financial statements give a true and fair view, in accordance with United Kingdom Generally Accepted Accounting Practice, of the state of the affairs of the University, — income from the Scottish Funding Council (SFC), grants and income for specific purposes and from other restricted funds administered by the University have, in all material respects, been applied only for the purposes for which they were received; and — income has, in all material respects, been applied in accordance with the Financial Memorandum with the SFC.