# Audit and Assurance Services for the Income Contingent Repayment Student Loan Monetisation Programme

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Department For Education](/buyers/department-for-education/contract-awards)
- Contract winner: [Ernst and Young LLP](/contract-winners/ernst-and-young/public-sector-contract-awards)
- Award value: £0
- Award date: 1 March 2018
- Published: 3 May 2019
- Contract start: 11 July 2018
- Contract end: 10 July 2022
- Stage: awarded
- Procurement category: services
- Notice ID: 1dbf5504-b22c-47bc-890c-12319e1fdcf3-284258
- OCID: ocds-b5fd17-a5f261b4-0106-4be3-b738-f0e6e84950f3

## Description

This will cover 3 related work streams critical to execution of the monetisation programme, starting with a second loan sale transaction: 1\. Audit of the complex financial model used to forecast student loan cashflows, including: a\. an ongoing annual audit\. b\. an additional audit each time a new sale transaction launch is planned\. Current assumptions are that the monetisation programme will launch one transaction per year over the next 4-5 years\. 2\. Audit of the underlying loan pool data which the model relies upon each time a new transaction is planned\. 3\. Audit of the transaction prospectus: a tick and tie of numbers from the model and loan pool with relevant values in the transaction prospectus each time a new transaction is planned\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/1dbf5504-b22c-47bc-890c-12319e1fdcf3-284258)