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BidSonar is an independent index of public-sector opportunities. We aggregate data from official sources and are not affiliated with any procurement body. Data is licensed under the Open Government Licence v3.0 and the EU TED reuse notice.

    ContractsUS GAAP Conversion for Educational Institution Ownership Transfer
    Awarded contract

    US GAAP Conversion for Educational Institution Ownership Transfer

    Status
    Awarded
    Published 4 Jun 2026

    Convert 2023/24 and 2024/25 financial accounts to US GAAP standards to support ownership transfer approval by the US Department of Education by August 2026.

    🇬🇧United Kingdom· EnglandPublished 4 Jun 2026· 3 months agoviaFind a Tender
    Status
    Awarded
    Published 4 Jun 2026

    Decision brief

    4 fields
    • Contract value
      Not disclosed
      Source did not declare a figure
    • Closing date
      Rolling
      No closing date published
    • Sector
      Professional Services
      Browse related listings
    • Location
      🇬🇧United Kingdom
      England

    Suppliers

    1 supplier
    • FM
      FORVIS MAZARS LLP
    Lead contractor

    Lifecycle

    Awarded

    Contract awarded. Originally published 3 months ago.

    4 June 2026
    Awarded — no open tender advertised

    Brief

    This opportunity seeks specialist accounting advisory services to convert financial accounts for fiscal years 2023/24 and 2024/25 from current accounting standards to US GAAP (Generally Accepted Accounting Principles). This conversion is required to obtain US Department of Education approval for a change in organizational ownership effective August 1, 2026. The successful advisor will need to work within a tight timeline and should ideally have prior familiarity with the organization's financial statements. The incumbent firm, Mazars, has previously provided consulting on going concern disclosures and possesses knowledge of the existing account structures. Suppliers should be prepared to deliver high-quality technical accounting work that ensures full compliance with US Department of Education requirements.

    Track record

    3 awards · 2 winners
    Open field

    No single supplier dominates the field.

    In financial services, THE UNIVERSITY OF KENT has awarded 3 contracts to 2 suppliers.

    Who wins here
    1. MERCER LIMITED2× · 67%
    2. FORVIS MAZARS LLP1× · 33%

    Across financial services, the most active winners are ARTHUR J GALLAGHER INSURANCE BROKERS LTD, ECCLESIASTICAL INSURANCE OFFICE PUBLIC LIMITED COMPANY, ALLPAY LTD — the field to beat, or your route in as a partner.

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    Take action
    View on sourceFind a Tender

    Award notice and full record on the publisher's site

    Publisher
    UK Cabinet Office
    Licence
    OGL v3.0
    Source
    find-tender.service.gov.uk
    Record ID
    ocds-h6vhtk-06ad69
    UK
    Buyer
    THE UNIVERSITY OF KENT
    Sector
    Professional Services