Provision of External Auditor Services for the Central Bank of Ireland

Central Bank of Ireland

There is a requirement for the Central Bank of Ireland (the ‘Central Bank’) to have an external audit carried out by an independent auditor or a firm of auditors recommended by the Governing Council and approved by the EU Council, as required under Article 27.1 of the Statute of the European System of Central Banks (ESCB) and of the European Central Bank (ECB).
The Central Bank wishes to appoint an independent external auditor to audit its financial statements under this statute. Copies of the annual report and annual performance statement for previous years, which contain the financial statements for the Central Bank, are available on our website www.centralbank.ie.
The successful independent external auditor is also required for the provision of other audit services e.g. superannuation scheme, engagement in connection with the audit of the annual financial statements of the European Central Bank, Banking and Investment Firms Resolution Fund, Deposit Guarantee Fund.

Deadline

The time limit for receipt of tenders was 2020-11-02. The procurement was published on 2020-09-30.

Who?

• Central Bank of Ireland

What?

• Auditing services › Financial auditing services
• Auditing services › Statutory audit services

Where?

• Eastern and Midland › Dublin

Procurement history

Date	Document
2020-09-30	Contract notice

Contract notice (2020-09-30)
Object
Scope of the procurement
Title: Auditing services
Reference number: 2020P040
Short description:

There is a requirement for the Central Bank of Ireland (the ‘Central Bank’) to have an external audit carried out by an independent auditor or a firm of auditors recommended by the Governing Council and approved by the EU Council, as required under Article 27.1 of the Statute of the European System of Central Banks (ESCB) and of the European Central Bank (ECB). The Central Bank wishes to appoint an independent external auditor to audit its financial statements under this statute. Copies of the annual report and annual performance statement for previous years, which contain the financial statements for the Central Bank, are available on our website www.centralbank.ie. The successful independent external auditor is also required for the provision of other audit services e.g. superannuation scheme, engagement in connection with the audit of the annual financial statements of the European Central Bank, Banking and Investment Firms Resolution Fund, Deposit Guarantee Fund.

Notice metadata
Original language: English 🗣️
Document type: Contract notice
Nature of contract: Services
Regulation: European Union, with participation of GPA countries
Common procurement vocabulary (CPV)
Code: Auditing services 📦
Additional CPV: Accounting and auditing services 📦
Place of performance
NUTS region: Dublin 🏙️

Procedure
Procedure type: Open procedure
Type of bid: Submission for all lots
Award criteria
The most economic tender

Contracting authority
Identity
Country: Ireland 🇮🇪
Awarding authority type: Body governed by public law
Awarding authority name: Central Bank of Ireland
Postal address: PO Box 559, New Wapping Street
Postal town: Dublin 1
Contact
Internet address: http://www.centralbank.ie 🌏
E-mail: tenders@centralbank.ie 📧
URL for documents: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=174486&B=ETENDERS_SIMPLE 🌏
URL for participation: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=174486&B=ETENDERS_SIMPLE 🌏

Reference
Dates
Date dispatched: 2020-09-30 📅
Submission deadline: 2020-11-02 📅
Publication date: 2020-10-05 📅
Identifiers
Notice number: 2020/S 193-466792
OJ-S issue: 193
Additional information

Tenderers are advised that the total value of the contract set out in this notice is indicative and based on the maximum potential value of services under the contract over its lifetime (i.e. maximum 7 years). This includes the audits set out in the ITT document and any other potential audits or reports that may arise over the lifetime of the contract. Tenderers are advised to note that each of appendices: Appendix 1B: Data Protection, Appendix 3: Pricing Schedule, Appendix 4: Tenderers Statement, Appendix 6: Reference Contract Tables, and Appendix 7: Independence are all provided as separate documents/workbooks on www.eTenders.gov.ie (RFT ID 176759). Tenderers should return the appendices separately as part of their tender response.

Object
Scope of the procurement
Short description:

The Central Bank wishes to appoint an independent external auditor to audit its financial statements under this statute. Copies of the annual report and annual performance statement for previous years, which contain the financial statements for the Central Bank, are available on our website www.centralbank.ie.

The successful independent external auditor is also required for the provision of other audit services e.g. superannuation scheme, engagement in connection with the audit of the annual financial statements of the European Central Bank, Banking and Investment Firms Resolution Fund, Deposit Guarantee Fund.

Estimated total value: 1 700 000 EUR 💰
Short description:

The audit firm appointed in accordance with Article 27.1 of the ESCB/ECB Statue should be independent from the Central Bank. In this regard, tenderers are requested to refer to the document entitled ‘Good Practices for the selection and mandate of External Auditors according to Article 27.1 of the ESCB/ECB Statute’ (approved by the Governing Council of the ECB). In the spirit of independence, this document also defines prohibited non-audit services in its Annex.

Estimated value excluding VAT: 1 700 000 EUR 💰
Duration: 60 months
Description of renewals:

The Central Bank may extend the term on the same terms and conditions for a period or periods of up to 12 months with a maximum of 24 additional months (such that the total potential maximum duration of the contract is 7 years).

Description of options: See II.2.7) regarding options to extend the contract.
Place of performance
Main site or place of performance: Dublin.

Procedure
Legal basis: 32014L0024
Time of receipt of tenders: 12:00
Languages in which tenders or requests to participate may be submitted: English 🗣️
Tender validity period: 12 months
Tender opening date: 2020-11-02 📅
Tender opening time: 12:00

Contracting authority
Identity
National registration number: N/a
Contact
Contact point: Ann Healy
Address of the buyer profile: https://irl.eu-supply.com/ctm/Company/CompanyInformation/Index/329 🌏
Documents URL: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=174486&B=ETENDERS_SIMPLE 🌏

Reference
Additional information
Estimated timing for further notices: On completion of the contract awarded on foot of this tender competition.

Tenderers are advised to note that each of appendices:

Appendix 1B: Data Protection,

Appendix 3: Pricing Schedule,

Appendix 4: Tenderers Statement,

Appendix 6: Reference Contract Tables, and

Appendix 7: Independence are all provided as separate documents/workbooks on www.eTenders.gov.ie (RFT ID 176759). Tenderers should return the appendices separately as part of their tender response.

Complementary information
Review body
Name: The High Court
Postal address: Inns Quay
Postal town: Dublin 7
Country: Ireland 🇮🇪
E-mail: highcourtcentraloffice@courts.ie 📧
Internet address: www.courts.ie 🌏
Information about review deadlines:

As set out at section 7 of the European Communities (Public Authorities’ Contracts) (Review Procedures) Regulations SI 130/2010, as amended.

Source: OJS 2020/S 193-466792 (2020-09-30)

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