Buyer Name: NATIONAL ENERGY SYSTEM OPERATOR LIMITED
Buyer Address: St Catherine's Lodge Bearwood Road, Wokingham, UKJ11, RG41 5BN, United Kingdom
Contact Email: nesoprocurement@neso.energy
Financial Audit Services
Buyer Contact Info
Status
complete
complete
Procedure
direct
direct
Value
1850000.0 GBP
1850000.0 GBP
Published
20 Aug 2025, 14:46
20 Aug 2025, 14:46
Deadline
n/a
n/a
Contract Start
05 Sep 2025, 23:00
05 Sep 2025, 23:00
Contract End
05 Sep 2030, 22:59
05 Sep 2030, 22:59
Category
n/a
n/a
CPV
79212000 - Auditing services
79212000 - Auditing services
Region
n/a
n/a
Awarded To
BDO LLP
BDO LLP
Official Source
Open Find a Tender
Open Find a Tender
Description
Financial Audit Services o Provide reasonable assurance over NESO's financial records in accordance with applicable accounting standards (IFRS ). o Verify that financial statements are free from material misstatements due to fraud, error, or irregularities. o Evaluate internal financial controls, focusing on risks associated with financial misreporting, operational inefficiencies, or compliance failures. o Provide an audit opinion on the true and fair representation of NESO's financial position, performance, and cash flow. o Conduct testing of key accounts to provide reasonable assurance over the financial assertions. o Update NESO leadership and Audit & Risk Committee (ARC) regarding relevant changes in legislation and regulation. o Report on external audit progress to NESO leadership, including attendance at bi-monthly ARC meetings and other board or committee meetings as required. o Provide guidance to NESO leadership in particular the Chief Financial Officer (CFO), chair of ARC, director of financial control, and the accounting & reporting lead on accounting and financial matters. o Liaise and coordinate with the CFO, director of financial control and accounting & reporting lead via a monthly progress meeting to ensure full exchange of information. o Produce an annual SOC1 report evaluating the effectiveness of NESO financial controls in relation to transmission revenue charging, for external distribution to UK transmission owners, including National Grid Electricity Transmission (NGET).
Linked Documents
No linked documents found for this notice.
Opportunity Context
Lots
Lot 1 Status: complete
Raw Notice JSON
Expand raw payload
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