Financial Audit of Power Corporation, Northwest Territories

PROCUREMENT OVERVIEW

The Office of the Auditor General of Canada (OAG) is seeking professional auditing services for the annual financial audit of the Northwest Territories Power Corporation (NTPC). This audit is essential for ensuring compliance with Canadian public sector accounting standards and involves collaboration with the OAG audit team to conduct year-end audit work. The selected contractor will assist in adhering to Generally Accepted Auditing Standards and OAG documentation standards.

ISSUING ORGANIZATION

The issuing organization is the Office of the Auditor General of Canada, located in Ottawa, Ontario, Canada. The primary contact for this RFP is Michel Daoud, reachable via email at [email protected].

TECHNICAL CAPABILITIES

Bidders must demonstrate expertise in:

• Conducting financial audits in accordance with Canadian public sector accounting standards.
• Utilizing Generally Accepted Auditing Standards and OAG documentation standards.

DELIVERABLES AND PERFORMANCE STANDARDS

Key deliverables include:

• Completion of the annual financial audit of NTPC.
• Submission of audit findings and documentation as per OAG requirements.
• Adherence to established timelines and quality standards throughout the audit process.

EVALUATION CRITERIA

Proposals will be evaluated based on:

• Price: Lowest price is a primary factor.
• Technical Approach: Demonstrated understanding of the audit process and compliance with standards.
• Past Performance: Relevant experience in similar audits will be considered.

PREFERRED QUALIFICATIONS

While not mandatory, the following qualifications may provide a competitive advantage:

• Previous experience with audits of public sector entities.
• Familiarity with the specific financial practices and regulations of the Northwest Territories.

This summary encapsulates the essential information for potential bidders to assess their fit for the opportunity to conduct the financial audit of the Northwest Territories Power Corporation.