Saskatchewan Tenders #26P-007

Accounting Advisory Services for IFRS 18 Implementation at Saskatchewan Workers' Compensation Board

The Saskatchewan Workers' Compensation Board (WCB) is seeking expert accounting advisory services to support its transition to International Financial Reporting Standard (IFRS) 18. - Government Buyer: - Workers Compensation Board of Saskatchewan (WCB), a provincially legislated body responsible for workers' compensation - Services Requested: - Comprehensive accounting advisory services for IFRS 18 implementation - Phase 1: Current state assessment, gap analysis, training needs assessment, and recommendations - Phase 2: Implementation support including policy development, computations, documentation, procedure manuals, financial statement assistance, and staff training - Phase 3: Ongoing support during the 2027 financial reporting cycle and beyond, including review, guidance, updates, and final reporting - No specific OEMs or vendors are named; the requirement is for specialized accounting and financial reporting expertise - Notable Requirements: - Deliverables include gap analysis, policy framework, training, documentation, and ongoing advisory support - Proponents must provide references and meet mandatory requirements - Pricing is evaluated separately from technical proposals - The contract is non-exclusive and governed by a detailed Consulting Agreement - Period of Performance: - Three-year contract, with defined phases for assessment, implementation, and ongoing support - Places of Performance: - WCB offices in Regina and Saskatoon, Saskatchewan

Description

This Request for Proposals (RFP) issued by the Workers' Compensation Board (WCB) invites proponents to submit proposals for accounting advisory services related to the implementation of IFRS 18. IFRS 18 is a new accounting standard effective for annual reporting periods beginning January 1, 2027, replacing IAS 1, and may significantly impact the preparation and presentation of WCB's financial statements. The WCB seeks expert assistance to adopt this new standard. A virtual pre-submission meeting will be held on May 22, 2026, to provide additional information to interested proponents.

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