Audit Services

The Vendor is required to provide audit services.
- Its knowledge, skills and expertise (including number of years of experience) in the following areas:
• Audit services
• Internal control testing
• Information systems
• Public sector accounting standards
• School division audits
• Fraud identification and prevention
- Audit services include:
• Prior to starting the annual audit, the auditor will meet with the chief financial officer (CFO), manager of financial services and provincial auditor (if required), to review and discuss the audit service plan.
• complete all aspects of the audit and issue the following draft audit reports by the deadline outlined in the audit planning schedule provided by the ministry of education.
1. Independent auditor’s report on agency financial statement prepared in accordance with state public sector accounting standards
2. Independent practitioners’ reasonable assurance report on compliance
3. Independent practitioners’ reasonable assurance report on internal control
4. Report on supplementary matters arising from an audit engagement
• Meet with CFO and manager of financial services following the completion of the audit to review the audit reports and discuss any concerns noted.
• Preparation of an audit findings letter.
• The auditor will work directly with the provincial auditor during the school division’s scheduled provincial audit, permitting the provincial auditor to review their working papers, audit plan and reports for approval prior to being released.
• At the request of the board, attend board meeting(s) to present the audit service plan, audit reports and audit findings.
- Contract Period/Term: 5 years