Financial Audit of Power Corporation, Northwest Territories

PROCUREMENT OVERVIEW

The Office of the Auditor General of Canada (OAG) is seeking to procure the professional services of one (1) auditor/consultant to assist in conducting 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 is part of the broader financial oversight for the Government of Northwest Territories (GNWT). The contractor will support the OAG audit team in performing year-end audit work in accordance with Generally Accepted Auditing Standards and OAG documentation standards.

ISSUING ORGANIZATION

The issuing organization is the Office of the Auditor General of Canada (OAG), located in Ottawa, Ontario, Canada. The primary contact for this opportunity is Michel Daoud, who can be reached via email at [email protected].

KEY DATES

• Posted Date: April 30, 2026
• Proposal Due Date: May 13, 2026, at 14:00 Eastern Time
• Anticipated Performance Period: June 1, 2026, to July 24, 2026

MANDATORY REQUIREMENTS

Bidders must meet the following mandatory requirements to be considered eligible:

• Security Clearance: A minimum security requirement of Reliability Status is required.
• Experience: Bidders should demonstrate relevant experience in conducting financial audits, particularly in a public sector context.
• Compliance with Standards: Bidders must adhere to Generally Accepted Auditing Standards and OAG audit and documentation standards.

TECHNICAL CAPABILITIES

Bidders should possess specific technical skills in financial auditing, including familiarity with Canadian public sector accounting standards and the ability to conduct audits in accordance with established auditing standards. Experience with audit documentation and reporting is also essential.

DELIVERABLES AND PERFORMANCE STANDARDS

Key deliverables include:

• Completion of the financial audit of NTPC within the specified performance period.
• Submission of audit findings and reports in compliance with OAG standards.
• Adherence to timelines and quality standards as outlined in the contract.

EVALUATION CRITERIA

Proposals will be evaluated based on the following criteria:

• Technical Approach: The bidder's methodology and understanding of the audit requirements.
• Past Performance: Relevant experience and success in similar audit engagements.
• Price: Cost-effectiveness of the proposal, with a focus on the lowest price technically acceptable.

PREFERRED QUALIFICATIONS

While not mandatory, preferred qualifications that may enhance a bidder's competitiveness include:

• Advanced certifications in auditing (e.g., CPA, CA).
• Previous experience working with governmental or public sector entities.
• Familiarity with the specific financial regulations and standards applicable to the Northwest Territories.

This summary provides a comprehensive overview of the RFP for potential bidders to assess their fit for the opportunity.