Audit Services

The Town of Fogo Island, Newfoundland and Labrador, is seeking qualified auditing professionals or firms to provide annual financial audit services. The agency requires these services for the fiscal year ending January 31, 2027, to support its commitment to transparency, accountability, and sound financial practices. The selected auditor will report findings directly to the General Manager, Director of Finance, and Chair of the Board of Directors, highlighting any non-reportable conditions, irregularities, or illegal acts. The scope of work requires the auditor to attend the annual general meeting to present and explain the audit findings to the cooperative. The auditor must also prepare and electronically file all applicable annual tax returns using information provided by management. Additionally, the agency expects the auditor to provide ongoing guidance and advice on taxation, accounting, and reporting matters throughout the contract period. The agency will provide the auditor with various financial records to facilitate the audit, including a backup of the accounting system, bank and credit card statements, and investment certificates. Other accessible materials will include board meeting minutes, invoices for capital additions, expense analyses, and personnel information such as new contracts, T4s, and T4 summaries. The auditor will also review insurance policies, funding agreements for grants, loans, or leases, and comprehensive working papers. The contract period is established for a duration of one year. The agency requires the performance of all audit work to take place offsite. Only onshore bidders located within Canada are eligible to submit proposals for this opportunity. The agency has not disclosed a set budget and is looking for bidders to submit financial proposals. The source document does not contain specific evaluation criteria or key dates for this procurement.