Financial Audit Firm Rotation Tender

PRIOR INFORMATION NOTICE - FINANCIAL AUDIT FIRM ROTATION TENDER The FRC guidance on audit rotation states that FTSE 350 firms and Public Interest Entities (“PIE”) (i.e. entities listed on regulated exchange, unlisted banks, and unlisted insurers) must tender their audit every 10 years and rotate every 20 years. HS1 Ltd has chosen to re-tender the audit for FY25 (year ending 31 March 2025) and beyond. The call for competition will be via PQQ followed by an ITT including the full-service specification and evaluation criteria, which is expected to go live via the portal from January 2024. Indicative dates for PQQ and ITT publishing are 22 January 2024 and 11 March 2024 respectively. If you are interested in viewing and participating in the PQQ once it has been published, please look out for the Call for Competition invitation being published on this portal on or around 22 January 2024 (ref HS1-FIN-2023-63).