Electronic Audit Working Paper Software

The Vendor is required to provide a solution(s) primarily for executing financial statement audit engagements.
- Audit work, the auditor general relies on audit working paper software for, among other things, storing of working papers in word and excel, guiding audit work via audit programs and audit methodology, documenting results of audit testing and execution of audit methodology electronic review and signoff, recording of execution of audit programs, tracking of status of completion of audit work, implementing role‐based access controls, and ensuring security and confidentiality of audit information.
- Financial statement audits comprise approximately 70% of our audit work with the remaining 30% being Performance (Value for Money) auditing, where we examine how well specific government programs and services are being managed and delivered.
- Fundamental functionality external auditors require of audit working paper software (organize the files and documents via folders and sub-folders, assess risk and determine appropriate responses, create and edit audit programs, upload, edit and annotate audit documents, demonstrate accountability via marking working papers prepared and reviewed, cross-referencing within a file, supporting direction supervision coaching and review, and efficiently documenting work done).
- Solution(s) will be capable of handling audit files (using a reasonable business-class laptop) with a large number of audit working paper documents (e.g. more than 10,000 documents) without impacting performance.

- Contract Period/Term: 1 year