Audit and Tax Services
Introduction
The Audit and Tax Services Framework, managed by APUC, is a structured procurement route designed to streamline the acquisition of financial services for universities and other associated educational institutions. Running until 28 February 2027, this framework offers a pre-defined selection of qualified suppliers who provide a range of audit and tax-related services. It is not a Dynamic Purchasing System (DPS), meaning it does not allow for open applications throughout its term, and suppliers are selected based on initial pre-set criteria.
Context & Use Case
Universities and educational institutions require robust financial oversight and compliance to ensure operational efficiency and fiscal responsibility. The Audit and Tax Services Framework addresses this need by offering a reliable and compliant means to procure essential financial services. Contracting authorities utilize this framework to ensure that their audit and tax obligations are met with expertise and precision, without the need for lengthy tender processes. This framework supports institutions in maintaining transparency, meeting regulatory requirements, and optimizing financial management.
Scope of Services
The framework covers a comprehensive range of financial services critical to educational institutions. Typical services under this framework include: 1. External audit services, ensuring financial statements' accuracy and compliance. 2. Internal audit functions, focusing on risk management, control processes, and governance. 3. Tax advisory services, offering guidance on tax planning, compliance, and risk mitigation. 4. Specialist financial consultancy, including advice on financial restructuring and strategic planning. 5. Assistance with VAT and other tax-related issues specific to the education sector.
Who Can Apply
The framework is designed for established suppliers within the financial services sector who possess the requisite expertise and experience to meet the needs of educational institutions. Suitable suppliers include audit firms, tax advisors, and consultancy agencies with a proven track record in delivering high-quality services to the public sector. Unlike a DPS, this framework does not allow continual applications; suppliers were selected at the outset based on stringent criteria.
Buyer Benefits
For public sector buyers, this framework offers multiple benefits. It ensures compliance with procurement regulations, providing a streamlined process for sourcing high-quality financial services. The framework facilitates speed to market by reducing the time and resources typically required for tendering processes. Additionally, it fosters competition among pre-approved suppliers, ensuring that institutions receive the best value for their investments while maintaining high service standards.
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Next Steps
Suppliers interested in participating in future iterations of frameworks like this should keep abreast of APUC's procurement opportunities and review the specific requirements and selection criteria when they are announced. Engaging directly with the contracting authority will provide further insights and guidance on eligibility and application processes.
How Biddable Can Help
Biddable supports suppliers in navigating the complexities of public sector frameworks like the Audit and Tax Services Framework. By providing resources for discovery, preparation, and maintaining a keen awareness of upcoming opportunities, Biddable helps suppliers enhance their visibility and readiness in the public procurement landscape, ensuring they are well-positioned to engage with frameworks effectively.