Merx #ISED213974

Professional Audit Support Services for Recipient/Contribution Agreement Audits

Innovation, Science and Economic Development Canada (ISED) is seeking professional audit support services to support recipient audits of contribution funding agreements. - Government Buyer: - Innovation, Science and Economic Development Canada (ISED) - Primarily for Innovation Canada and related departmental programs - OEMs and Vendors: - No specific OEMs or vendors named; solicitation is limited to PASS SA Holders under E60ZQ-180001/D, Stream 8 (Recipient/Contribution Agreement Audit) - Products/Services Requested: - Professional assurance and audit services for recipient audits - Cost audits - Revenue audits - Compliance audits - Review engagements - Specified procedures - Services include: - Validation of eligible expenditures - Verification of reported revenues and repayment obligations - Assessment of internal controls - Confirmation of performance obligations - Review of compliance with contractual and legislative requirements - Unique or Notable Requirements: - Services are required when internal capacity is insufficient - Applies to a range of recipients: not-for-profit organizations, SMEs, large Canadian or multinational corporations - Includes risk-based and ad hoc audit engagements focused on compliance with funding agreement terms and conditions

Description

Innovation, Science and Economic Development Canada (ISED) requires professional assurance and audit services to support recipient audits of contribution funding agreements administered primarily by Innovation Canada, including the Strategic Response Fund and other departmental programs. These audits are conducted on a risk-based and ad hoc basis to assess recipients’ compliance with funding agreement terms and conditions. Services may include cost audits, revenue audits, compliance audits, review engagements, and specified procedures. Work may involve validating eligible expenditures, verifying reported revenues and repayment obligations, assessing internal controls, confirming performance obligations, and reviewing compliance with specific contractual and legislative requirements.

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