Audit Services

The vendor is required to provide the audit firm must have extensive experience in defined contribution and annuity funds, investment knowledge and handbook and international financial reporting standards (IFRS).
- Audit firm will deliver the following:
• Provide an opinion on the financial statements; and
• Provide an opinion on internal controls and legislative compliance.
- Requirement of auditors
1. Timeliness:
• The successful firm will be able to demonstrate their ability to conduct the audit in an efficient and timely manner, with particular attention to our deadlines. 
• In this regard, we advise that our year-end is December 31st. 
• We will require the audit field work to be completed by the first week of march to allow for a timely review by the provincial auditor. 
• The complete statement must be ready for approval by the board of trustees the third week of march annually.
2. Audit approach: 
• Our plan is reliant on computer technology for the administration of member contributions, investment transactions and pension payments. 
• Most of these systems are internal while others are supplied by strategic partners. 
• Most of our investment data is accessed through a web-enabled system supplied to us and maintained by our custodian, RBC investor and treasury services.
• The audit will be subject to the requirements of the provincial auditor act and auditors will be required to issue an opinion on the plan’s system of internal controls and compliance with legislative and related authorities. in addition, they will also have to report on the results of substantive procedures.
3. Risk management and controls: 
• We expect our auditors to identify ways to improve internal controls and manage risk.
- Contract Period/Term: 2 years
- Questions/Inquires Deadline: July 22, 2025