The Canada Mortgage and Housing Corporation (CMHC) wishes to identify a preferred service provider of professional audit services to be recommended to the Board of Directors for its consideration on an annual basis. It is expected that the audit services provided by the audit firm ultimately appointed by the Governor in Council would include: Annual external financial statement audit, audit of the minimum capital test as prescribed by the Office of the Superintendent of Financial Institutions, and issuance of written consent for the use of the auditors’ report in Securities Exchange Commission Form 18K continuous disclosure document, as required.
The successful proponent would be a preferred service provider only, with the CMHC Board of Directors retaining full discretion with respect to the auditor to be recommended on an annual basis to the Minister. In accordance with the Financial Administration Act, the ultimate decision and discretion to appoint on an annual basis the auditor rests with the Governor in Council on the recommendation of the Minister. The preferred service provider arrangement would be for
an initial period of five years with the potential to renew for two subsequent periods of two years not to exceed a cumulative total of nine years
Submissions must be received at the exact location as specified in the RFP document on or before the submission deadline of 9:00 a.m. EST, November 28, 2016.
