Financial audit of various local government entities

⁠⁠⁠This RFT seeks to appoint an audit firm(s) to conduct the annual financial audit of various local government entities on behalf of the Auditor-General for NSW

Project goals

This Request for Tender seeks to appoint a suitably qualified audit firm(s) to conduct the annual financial audit of various Local Government entities on behalf of the Auditor-General for NSW (Auditor-General). The annual financial audit is a requirement under the Local Government Act 1993.

The successful audit firm(s) will be appointed as an Audit Service Provider for a period of three years, starting with the annual audit for the year ending 30 June 2027 and concluding the year ending 30 June 2029. The arrangement will provide for an option to extend for the 30 June 2030 and 30 June 2031 financial years, subject to the Auditor-General's sole discretion.

Scope

The Audit Office of NSW seeks tenders from audit firms capable of delivering high quality financial audits to the Auditor-General for NSW (Auditor-General) for the Auditees listed in Schedule 1 of the attached document named - 1. RFT 12.2026 - Financial Audit of Various Local Government Entities, and as described in the Statement of Requirements in the Tendering Conditions.

Contract and Duration

The Auditor-General (the Principal) will enter into a contract in the form of the ‘Agreement to Provide Auditing Services’ (the Head Agreement) with the successful tenderer(s) to provide financial audit services to the Principal.

The contract will cover the audits of the financial years ending 30 June 2027 to 30 June 2029 with an option to extend for the 30 June 2030 and 30 June 2031 financial years. 

Payment for financial audit services

Tenderers will be required to provide a fixed price for the financial audit of each Auditee for the year ending 30 June 2027. Such amount is exclusive of direct reimbursable expenses which are capped. The proposed method of escalation after the first year will be based on the lower of the Consumer Price Index - All Group Sydney (ABS Catalogue 6401.0) and 2.5 per cent.

It is not envisaged the price for the financial audit services will deviate from the agreed prices over the life of the contract, unless the scope of the audits change and the Principal agrees to the changes.

Additional details/instructions

Interested firms must sign a non-disclosure agreement to access additional confidential information.

Interested firms will need to complete a third party information security self-assessment. The Audit Office may waive this requirement if the firm has completed this assessment in the last 12 months. Firms should send through the contact details of the person(s) nominated to complete this assessment to procurement@audit.nsw.gov.au.

Primary contact:

Nick McPherson

Email: procurement@audit.nsw.gov.au