Municipal Audit Services

The vendor is required to provide municipal audits of the financial statements for three fiscal years as defined by the fiscal year ending December 31st, 2025, and ongoing.
•    Plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement, whether caused by error or fraud and conformity with PSAB.
•    Perform test 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 asset and liabilities by correspondence with selected individuals, creditors, and financial institutions.
•    Perform tests of the working partners compliance with applicable laws and regulations and provisions of contracts and agreements. 
•    Prepare a report on compliance with specific requirements applicable to federal and provincial assistance programs, if required.
•    Review the internal accounting controls of the working partners to an extent necessary to evaluate the system as required by applicable standards. 
•    Issue a management report making recommendations for improvement. 
•    The auditor shall be required to make an immediate, written report of all irregularities and illegal acts or indications of illegal acts of whereby they become aware of to the chief administrative officer and secretary treasurer. 
•    Inform the chief administrative officer and secretary treasurer of any matter involving internal control and its operation that the auditor considers being reportable conditions established by the accountant’s handbook. 
•    Provide the municipality with adjusting entries and final trial balance upon completion of the field work. 
•    A post-audit conference (preferably in person) with working partners and the designated accountant’s auditor will be held at a mutually agreeable date where the auditor will present the audit to council. 
•    The audited financial statement will be in the form prescribed by the state.