Basic Information

Reference Number

00003984679

Issuing Organization

Ontario Shared Services

Solicitation Type

RFB - Request for Bid (Formal)

Solicitation Number

tender_19180

Title

Project: tender_19180 - Audit of Canada-Ontario Canada-Wide Early Learning and CCWELC and ELCC

Source ID

SCRIBE

Details

Location

Ontario

Purchase Type

Not Stated

Dates

Publication

2024/03/25 01:32:00 PM EDT

Closing Date

2024/04/24 05:00:00 PM EDT

Contact Information

Andrew Singh

Andrew.R.Singh@supplyontario.ca

Description

RFB for the provision of a Vendor to audit Ontario’s 2023-24, 2024-25, and 2025-26 (optional) financial statement of revenues received under the CWELCC Agreement as well as Ontario’s 2023-24, 2024-25, and 2025-26 (optional) financial statement of revenues received under the ELCC Agreements.
Scope of Work
The acquisition is intended to meet the reporting requirements as set out in CWELCC and ELCC Agreements. As per both the agreements, the Ministry of Education is required to provide the federal government (Canada) with audited financial statements of revenue received from Canada under the agreements by October 1st of following fiscal year. Canada may withhold payments of its second installment for the current fiscal year if Ontario fails to provide its audited annual financial statement of revenue received from Canada.

The successful vendor will be required to deliver:

a) A draft audit opinion on the statement of revenue at least four (4) weeks before Ontario’s financial report is due to Canada on October 1st of the following fiscal year (i.e., by September 3, 2024 for fiscal year 2023-24).

b) The final audit opinion on the statement of revenue and expense immediately following receipt of the signed Management Representation Letter.

c) The audited financial statement(s) of revenue shall include the following:
i. The Revenue section of the statement shall show the amount received from Canada under the CWELCC and ELCC agreements during the fiscal year.
ii. The total amount of funding used for the CWELCC and ELCC programs and services stated in the agreements.
iii. The administration costs incurred by Ontario in developing and administering the CWELCC and ELCC programs under the agreements.
iv. If applicable, the amount of any amount carried forward by Ontario under the CWELCC and ELCC agreements.
v. If applicable, the amount of surplus funds that are to be repaid to Canada under the CWELCC and ELCC agreements.

This engagement will be for an estimated period of four months per fiscal year. The audit activities shall commence in July and be completed by early to mid September. Pre-audit work may commence in late June or early July.

Disclaimer All amendments to the associated notice, including amended documents, plans and specifications (where applicable), are issued by the originator of the notice. MERX asks you to contact the buying agency directly for these amendments. MERX stipulates that potential bidders may also be required to register with the buying authority as a bidder/plan taker. The contact information can be found within the main tender document and/or on this notice abstract.

Toutes les modifications associées à cet avis d’appel d’offres ainsi que les documents, les plans et les spécifications sont générés par l’entité responsable des achats (l’acheteur). S’il vous plait, contactez-le directement pour les addenda. Veuillez notez qu’il se peut que les fournisseurs soient obligés de s’inscrire directement avec l’acheteur. Vous pouvez trouver leur coordonnées dans le document principal ou dans l’abstrait de l’avis d’appel d’offre.

Source: https://ontariotenders.app.jaggaer.com/