RFP 412: Stream 3A, Financial Instruments Valuation – Farm Credit Canada

This requirement is open only to those Audit and Related Services Supply Arrangement (SA) Holders who qualified under Stream 3A – Financial Instrument Valuation under the SA369 series of SAs. The following SA Holders have been invited to submit a bid:

1. BDO Canada LLP
2. Deloitte LLP
3. Ernst & Young LLP
4. KPMG LLP
5. PricewaterhouseCoopers LLP

Description of Requirement:

The Office of the Auditor General of Canada (OAG) performs an annual audit of the consolidated financial statements of Farm Credit Canada (FCC) prepared in accordance with International Financial Reporting Standards (IFRS).
The OAG requires a Contractor to provide professional services to assist the OAG audit team in conducting the audit work of some of the models for the ACL calculation. Both economic and modelling expertise is required by the audit team, preferably related to the agriculture industry, within the context of financial instruments/loan impairment methodology. In accordance with the requirements of CAS 620—Using the work of an auditor’s expert, the Contractor will review the work of FCC to assess the reasonableness of the models used.
This requirement is intended to result in one (1) contract.

Level of Security:

Resource Minimum Security Level Required - Reliability

The work performed under this Contract will be at the Reliability Status and the deliverables associated with the completion of the work detailed in this document will be up to Protected A.

Applicable Trade Agreements:

The requirement is subject to the provisions of the Canadian Free Trade Agreement (CFTA), and the Canada–Korea Free Trade Agreement.

Proposed period of contract:

The proposed period of contract shall be from 12 February 2024 to 30 June 2024.

File Number: RFP 412
Contracting Authority: Beth Cooper
E-Mail: suppliers@oag-bvg.gc.ca

Note: The Audit and Related Services Request for Supply Arrangement is an ongoing opportunity for qualification solicitation. For suppliers who wish to find out how they can become a qualified supply arrangement holder, please see the ongoing opportunity for qualification solicitation posted on CanadaBuys: https://canadabuys.canada.ca/en/tender-opportunities/tender-notice/cb-4….