Requests for Clarification – In relation to theExternal Audit tender

Question No / Question / LV Response
1) / Can you possibly send me the 2017 accounts so we can see if there is any significant change in the entities? / The 2016/17 accounts were very recently published on the Companies House website Click here to access the document
2) / Given this is a 3 year appointment can you explain any likely significant changes in scope over that period, and the significant transactions/funding stream that may result from these, for example IFB 2018. / At present, there are no expected significant changes in scope. Liverpool Vision is involved in numerous projects, including the 2018 International Business Festival, that illustrate peaks and troughs when it comes to transaction volumes. This is in line with past activity (the 2018 Festival will be the third that we have delivered). The current expectation is that a fourth Festival will be delivered in 2020, although not yet confirmed.
No significant audit issues have been encountered in previous years in dealing with/addressing these peaks and troughs.
3) / Would the company being willing for us to consider submitting an ITT in response to audit services only as well as any other services we believe we can provide without accepting invitation to be able to provide all services you have listed? / The main scope of this tender exercise is to appoint an external auditor with a view to potentially securing additional advisory services, should this be feasible.
We would therefore be content to accept a submission such as that outlined – we recognise that audit regulations/in-house guidance can affect which, if any, advisory services can be offered by a firm providing external audit services.
Appendix 1 states “1.1.20 LV ………….reserves the right to accept a portion of any tender, unless the tenderer expressly stipulates otherwise on his tender. The right is also reserved to award more than one contract”.