External Audit and Corporate Tax Services

Description

NCH invites you to tender for the provision of External Audit and Corporation Tax services.

The External Auditors will be required to perform the necessary audit work to enable them to express an audit opinion on NCH’s annual Financial Statements and complete the annual Corporation Tax return.

NCH expects that as part of the service the External Auditors will:

· Give consideration to NCH’s operating environment and activities in order to obtain a robust understanding of the business;
· Identify primary sources of information to inform continuous risk assessment i.e. throughout the audit phases, and identify key risks;
· Review the design and effectiveness of internal controls over the financial reporting process to identify the extent to which they have a bearing on the highest risk areas of the accounts i.e. could lead to material misstatement;
· Develop and implement appropriate audit procedures based on based on the assessment of audit risk and the adequacy of internal control systems;
· Review the adequacy of material transactions, balances and disclosures in the financial statements;
· Provide ongoing support and advice about significant issues and new developments regarding risk management, corporate governance, financial accounting and the related risks and controls on a timely basis;
· Attend and report to Audit Committee to ensure that those charged with Governance are provided with a formal record of audit issues, financial reporting matters and recommendations arising as a result of audit procedures;
· Complete the annual accounts tax computation and submit the annual Corporation Tax return; and

Provide specialist or additional services when requested.

The contract for services will cover the accounts for the next 3 years, commencing with the 2015/16 Financial Statements. Hence the contract period is likely to be between October 2015 and August 2018. The contract will include the option to extend for a further year.

A more detailed description of each required service is provided in Appendix 1 – Service Specification and Scope of Service

Additional information