Audit Services

The Vendor is required to provide audit services for a three (3) year period covering the fiscal years December 31, 2026, through December 31, 2028, with the provision of extension upon mutual agreement of both parties.
- Requirement:
• Performing an annual audit in accordance with generally accepted accounting standards as defined in the institute handbook as well as public sector accounting board requirements.
• Providing recommendations on internal controls and related procedures.
• Issuing financial reports in connection with statutory financial reporting to the province and other established special agreements by appropriate deadlines.
• Presenting the audited financial statements at a board meeting.
• Communicating immediately upon discovery of information or conditions that could lead to the inclusion of a qualified opinion with respect to the financial statements and allow reasonable time for staff to make an investigation, analyze, report, and take corrective action to avoid the inclusion of such qualification.