Professional Audit Services

The Vendor is required to provide for external audit services for the municipality.
- This would include:
• A reasonable allowance for consultation connected with regular audit procedures.
• Proposing journal entries deemed necessary as a result of the audit process.
• Reviewing and testing internal controls and reporting on any areas of concern.
• Reporting any significant negligence, irregularity or deviation from prescribed accounting principles observed during the course of the audit.
• Presentation of the Financial Statements to Council
• Preparation of the Financial Information Return (FIR)
- The audit program must be in accordance with generally accepted auditing standards in order to express an opinion on the fair presentation of the financial statements and supplementary information, in conformity with generally accepted accounting principles.
- The Auditor will respond to and discuss with municipal staff accounting, auditing, and tax issues that arise during the contracted period of audit services with no additional charges incurred, within reason.
- Supporting working papers for significant asset and liability accounts
- The Auditor shall accomplish the audit in a timely manner and provide the Auditors’ Report and other requirements in accordance with a pre-arranged schedule satisfactory to the Chief Financial Officer.