ExpiredServicesAmended (1x)

423 B Stream 3A, Financial Instruments Valuation - Farm Credit Canada

423 B : Volet 3A, Évaluation d’instruments financiers – Financement agricole Canada

Description

This requirement is open only to those Audit and Related Services Supply Arrangement (SA) Holders who qualified under Sub Stream 3A – Financial Instruments 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. Pricewaterhouse Cooper LLP Description of the 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. Level of Security Requirement: The Contractor must, at all times during the performance of the contract, hold a valid designated organization screening (DOS) or Facility Security Clearance (FSC) with approved document safeguarding at the level of Protected A, issued by the Contract Security Program (CSP), Public Services and Procurement Canada. The Contractor shall ensure all its personnel requiring access to the OAG’s classified and/or protected, information, networks and/or office space, obtain and maintain a valid Government of Canada Security Status and/or Clearance at a minimum level of “Reliability Status” prior to accessing such information, networks and/or office space. For additional information, consult Part 6 - Security, Financial and Other Requirements, and Part 7 - Resulting Contract Clauses. Applicable Trade Agreements: The requirement is not subject to the provision of any free trade agreements. Proposed period of contract: The proposed period of the resulting contract shall be from the contract award (Feb 2025) to August 31, 2025. File Number: RFP 423 B Contracting Authority: Soo Yeon Cho 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-4734-12859618).

Quick Summary

The Office of the Auditor General of Canada is seeking professional services to assist in auditing Farm Credit Canada's financial instruments valuation models, specifically for the Allowance for Credit Losses calculation. The work involves reviewing FCC's models to ensure their reasonableness, requiring expertise in economic modeling and financial instruments within the agricultural sector. Only pre-qualified Audit and Related Services Supply Arrangement holders under Sub Stream 3A are invited to bid.

Ideal For

Companies specializing in financial audit and valuation services with expertise in economic modeling and agricultural finance should bid.

financial auditfinancial instruments valuationeconomic modelingagriculture financeloan impairmentprofessional services
High complexity

Tender Details

Reference Number
cb-928-52727022
Solicitation Number
423 B
Publication Date
Jan 10, 2025
Closing Date
Jan 24, 2025
Expected Start
Feb 24, 2025
Expected End
Jun 30, 2025
Procurement Method
Competitive - Selective tendering
Selection Criteria
Highest Combined Rating of Technical Merit and Price
Notice Type
RFP against Supply Arrangement

Classification

UNSPSC Code
84111600
UNSPSC Description
Audit services

Trade Agreements

None

Contracting Entity

Office of the Auditor General of Canada

240 Sparks Street

Ottawa, Ottawa

Contact

Beth Cooper

suppliers@oag-bvg.gc.ca

(613) 952-0213