Internal Audit Services (PASS) Requirement

BACKGROUND The Political Financing audit process consists of reviewing and analyzing the financial returns and reports of registered political entities, to ensure the information provided by all political entities and their external auditors complies with the statutory requirements of the CEA. The CEA requires EDAs to provide financial returns every fiscal year. The financial returns consist of various statements on contributions, transfers and loans, and partial financial statements. The financial returns are audited by EC auditors for compliance with the CEA. As a result of the GE held on October 19, 2015, EC auditors are presently committed to audit approximately 1,800 financial returns of candidates within 18 months of the election filing deadline. This 18-month period started on February 19, 2016 and ends on August 19, 2017. OBJECTIVE The objective of this contract is to engage resources outside EC to successfully finish the review of the annual financial transactions returns of EDAs for the fiscal year 2015 prior to the deadline of June 30, 2017. PF requires five junior auditors and one senior auditor as the project lead to perform the review of approximately 1,400 EDA financial transactions returns.