External Audit Services

The Vendor is required to provide of chartered professional accountants to secure financial auditing services for the town and its library board’s financial year end statements and related documentation in accordance with accounting standards.
- The company shall provide specialized support to town staff in the annual implementation of new or updated public sector accounting standards. 
- This includes reviewing upcoming standards, assessing their impact on the town's financial processes and reporting, and offering detailed guidance on integrating these changes into existing systems. 
- The company will also collaborate with town staff to ensure accurate interpretation and application of the standards, and provide resources as needed to facilitate a smooth transition each year.
- Arrange, attend, prepare and issue minutes for, and provide written responses to questions raised at all meetings with town staff, review agencies and other stakeholders;
- Shall issue correspondence resulting from the meeting (minutes, responses, etc.) within 5 business days;
- Prepare and submit reports, questionnaires, confirmations, etc. to the town, review agencies, and other stakeholders to secure required approvals, information, documentation, etc.
- Provide comprehensive support to the town staff in the annual implementation of new or updated public sector accounting standards.
- This includes conducting an in-depth review of upcoming standards issued by agency to determine their applicability and potential impact, specifically on the town financial reporting, budgeting, and operational processes.
- This support includes offering technical expertise to interpret complex requirements and providing practical solutions to address potential challenges.
- Audit Management
• Engagement planning: develop a detailed audit plan outlining objectives, scope and timelines for the review, ensuring alignment with the town’s requirements.
• Communication with stakeholders and agencies: liaise with town staff, legal advisors, and short-term rental operators to collect necessary information, clarify findings, and address concerns.
• Compliance assessment: evaluate operators’ adherence to town by-laws.
• Reporting: prepare comprehensive audit report that includes findings, conclusions, and recommendations to address and identify issues. 
• The report must be clear, actionable and tailored to support the town’s enforcement efforts.
- Contract Period/Term: 1 year
- Questions/Inquires Deadline: July 14, 2025