CanadaBuys #02/26

Financial Statement Preparation and Audit Services for Town of Leaf Rapids (2025-2028)

The Town of Leaf Rapids is seeking a qualified firm to provide financial statement preparation and audit services for fiscal years 2025 through 2028. - Government Buyer: - Town of Leaf Rapids (municipal government) - Scope of Services: - Preparation of general-purpose financial statements in accordance with Public Sector Accounting Standards (PSAS) and Manitoba’s municipal template - Conversion of the Town’s Financial Plan accounting practices to PSAB reporting format - Review of information from the Town’s single controlled entity (an inactive public library) - Audit of financial statements in accordance with PSAS and Canadian Auditing Standards - Expression of opinion on the Town’s financial position - Submission of audit reports to the Town and the Province of Manitoba - Preparation of an audited expenditure report for the Province - Preparation of a supplementary report as required by The Municipal Act - Provision of an internal control memorandum addressing internal control, accounting systems, and legality of actions - Notable Requirements: - Services must comply with Canadian Auditing Standards and Public Sector Accounting Standards - Open competitive bidding process under the Canadian Free Trade Agreement (CFTA) - No specific OEMs or vendors are named in the notice.

Description

The Town of Leaf Rapids is seeking proposals from qualified firms to provide professional financial statement preparation and audit services for a four-year term from 2025 to 2028. The services include preparing general-purpose financial statements in accordance with Public Sector Accounting Standards, conducting audits per Canadian Auditing Standards, and preparing various reports required by the Province of Manitoba and The Municipal Act. The auditor will also provide an internal control memorandum highlighting any issues related to internal control, accounting systems, and legality of actions. The contract duration is 48 months, and the procurement method is competitive open bidding.

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