The OAG requires a Contractor to provide actuarial consulting services to help the audit team complete the annual audit of Export and Development Canada. In accordance with the requirements of Canadian Auditing Standard (CAS) 620 – Using the Work of an Auditor’s Expert, the Contractor will review the work of EDC Actuaries to assess the reasonableness of the estimates, methodology and assumptions in valuing the premium and claims liabilities, including any reinsurance related assets and liabilities, presented and disclosed in the EDC financial statements for the years ending 31 December 2023 (with assurance on comparative figures for IFRS 17 adoption), 2024, 2025, with an option to extend for the year ending 2026.
The Contractor, as a consulting actuary, will provide appropriate assurance that the premium and claims liabilities, including any reinsurance related assets and liabilities, and some related disclosures are reasonable within the context of the financial statements and are in accordance with IFRS and the Canadian Institute of Actuaries (CIA) Standards.
This requirement is intended to result in the award of one (1) contract.
