External Auditing Services

The vendor required to provide external auditing services for the fiscal year ending march 31, 2026; renewed annually for 2027 and 2028 fiscal years.
- External audit proposal requirements
1. Audit firm
•    Provide a general description of your audit firm, including the structure and size.
•    List your major municipal clients.
•    Discuss your audit philosophy and methods.
•    Include municipal references.
2. Audit staff
•    Indicate the names, position, and credentials of the audit team to be assigned to the audits. 
•    The extent of their municipal auditing experience. 
•    Indicate the individual fee scale, including an estimate of the number of hours that are anticipated to be required for the annual audit, broken down between the various categories of staff assigned to each of the responsibilities and including details of initial startup and any changes in municipal reporting.
•    Indicate how your firm will manage succession planning and staff continuity.
•    Indicate the firm’s quality control procedures and supervisory and review procedures intended to be employed in the conduct of the county’s audit. 
•    It is expected that the audit senior will be present throughout most of the audit fieldwork and provide regular updates to the director of corporate services and finance manager as to the status of the audit and issues that may have arisen.
3. Audit approach
•    Indicate how your firm will determine an audit strategy and undertake audit planning. 
•    The methodology for the determination of materiality and factors affecting the value. 
•    Indicate what you consider critical levels of errors warranting changes to the accounts.
•    Indicate how your firm will determine an audit strategy and undertake audit planning. 
•    The methodology for the determination of materiality and factors affecting the value. 
•    Indicate what you consider critical levels of errors warranting changes to the accounts.
4. Public sector accounting (PSAB) 
•    Offer your firm’s knowledge and experience in municipal government PSAB standards.
•    Indicate any special audit planning required related to PSAB standards.
5. Ancillary services
•    Indicate any extra charge for this service. 
•    The auditor to appear before council and the audit committee to discuss matters pertaining to the audit. 
•    Any extra charge for this service. 
•    Indicate the firm’s experience in providing auxiliary services such as comprehensive audit services, tax services, etc. to municipal clients.
6. Annual audit schedule
•    Before February 28th of each year, the county’s auditors shall meet with the director of corporate services or designate to discuss the planning of the annual audit. 
•    A list of necessary schedules, working papers, analysis and other information to be prepared by county staff will be finalized at this time.
- Budget is $44.9 million of which $40.8 million is raised from taxation.

- Contract Period/Term: 3 years