Accounting and Audit Services

The Vendor is required to provide accounting and audit services for each fiscal year ending December 31, 2026, 2027, 2028.
• October 31st of each year, the town’s auditors shall meet with appropriate administrative staff members of the town to discuss and agree upon a schedule for the completion of the audit, working paper requirements and reporting deadlines.
• Plan and perform the audit to obtain reasonable assurance about whether the financial statements and the financial information return are free from material misstatement, whether caused by error or fraud and conformity with GAAP.
• Perform tests of documentary evidence supporting the transactions recorded in the accounts, which may include tests of the physical existence of inventories and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, creditors and financial institutions.
• Review the internal accounting controls of the town to an extent necessary to evaluate the system as required by applicable standards.
• Issue a management report making recommendations for improvement.
• Prepare the annual municipal financial information return required by the province.
• Plan and perform the compliance audit regarding compliance with the local authority’s pension plan.