RFP for Municipal Annual Auditing services

The Village is requesting proposals from qualified Accountant firms to audit and prepare audited Financial Statements and Local Authorities Pension Plan (LAPP) audit in accordance with the Canadian Institute of Chartered Accountants (CICA) handbook, the Public Sector Accounting Board (PSAB) requirements and the legislated municipal reporting requirements in the Province of Alberta as per the Municipal Government Act, RSA 2000 (MGA). In addition to General Terms and Conditions, the following provisions also apply to this request for proposal: The responsibility of the auditor will include, but not be exclusively limited to, investment reconciliation, drafting the Financial Statement including adjusting/corrective entries (estimate 20 journal entries), providing financial statement advice, Draft Financial Statement presentation to Council and Administration, disclosure discussions, providing comments and observation results in regard to any aspect of the accounting, reporting or financial affairs of the Village. The proposed firm must have the expertise to advise and give recommendations if required regarding on-going changes in reporting requirements as per Public Sector Accounting Board (PSAB), Municipal Government Act (MGA), new property tax legislation and performance measure issues. The audit must be completed annually by March 31st, to ensure the approved Financial Statement is made available to the public by May 1 as mandated by MGA Section 276(3) and provided to the Province of Alberta as mandated by MGA Section 278. The period of service will cover a term of three (3) years beginning with the fiscal year ending December 31, 2026. The Village reserves the right to review the accounting firm’s performance on an annual basis, and reappoint if dissatisfied, in any way, with the performance or any other elements of the services provided.