CanadaBuys #AB-2026-07051

Investment Valuation Advisory Services for AIMCo- and HFOC-Managed Investments

The Government of Alberta’s Auditor General is seeking specialist investment valuation advisory support for reviews of investments managed by AIMCo and HFOC. - Government buyer: Government of Alberta, Office of the Auditor General. - Requested service: Review valuations for approximately 10 to 20 investments managed by Alberta Investment Management Corporation (AIMCo) and Heritage Fund Opportunities Corporation (HFOC). - Assess valuation methods, assumptions, benchmarks, significant unobservable inputs, and consistency with IFRS 13. - Quantify significant concerns where feasible and report findings, root causes, internal-control design and implementation, and segregation of duties. - Provide on-call consultation on emerging valuation issues, industry trends, and authoritative guidance as requested. - OEMs and named vendors: No OEMs, service vendors, or specific products are identified. - Notable requirement: The work concerns investment valuation judgments and the controls supporting those valuations.

Description

The Auditor General is seeking a consultant to provide valuation advisory services for approximately 10 to 20 investments managed by Alberta Investment Management Corporation (AIMCo) and Heritage Fund Opportunities Corporation (HFOC). The work includes reviewing valuation methodologies, assumptions, benchmarks, unobservable inputs, and consistency with IFRS 13, and quantifying significant concerns where readily feasible. The consultant must prepare reports addressing observations and findings, including root causes, internal controls, and segregation of duties. On-call consultation may also be requested on emerging valuation issues, industry trends, and relevant guidance.

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