External Auditing Services

The Vendor is required to provide will include the examination of the Annual Consolidated Financial Statements and records of the Board and such other engagements as may be required.
- The audits shall be conducted in accordance with state Generally Accepted Auditing Standards (“GAAS”) and will comply with Ministry and Public Sector Accounting standards (“PSAS”) Standards.
- The successful auditing firm will demonstrate their expertise and professional reputation as an industry leader in providing external auditing services for the public sector.
- Other auditing requirements may arise during the execution of this contract and schedules will be delivered by both parties based on due date. When special audit requirements arise, the Board will reserve the right to award such services separately.
- Provide satisfactory evidence that your firm is licensed as a public accountant under the Public Accountancy Act.
- The year-end audit shall include the examination of the records and Consolidated Financial Statements of the Board for years ending August 31st, 2027, to 2031 inclusive.
- This report is required by the Ministry to consolidate all Ministry agencies for the Ministry’s year ended March 31.
- The yearend audit shall include a separate audit of the Board’s Continuing Education program, English as a Second Language (ESL) as of August 31st as required by the Ministry of Labour, Immigration, Training and Skills Development. This report is due by December 31st annually and may be subject to change.
- The Finance Department of the Board will perform all accounting work including all year-end adjusting and accrual entries. The Finance Department and Successful Respondent should discuss who may be responsible for the preparation of the draft financial statements