The purpose of this RFP is to identify a Preferred Service Provider of professional External Audit Services to be recommended to the Audit Committee, Board of Directors and Minister of Housing, Infrastructure and Communities for their consideration on an annual basis. The selected proponent will be a Preferred Service Provider only, with the CMHC Board of Directors retaining full discretion to recommend the joint external auditor to the Minister on an annual basis. In accordance with the Financial Administration Act (“FAA”), the ultimate decision and discretion to appoint the joint external auditor on an annual basis rests with the Governor in Council based on the recommendation of the Minister.
It is CMHC’s intention to enter into an agreement on a non-exclusive basis with the selected proponent. The term of the agreement resulting from this RFP would be for an initial period of five (5) years, with the option to extend for two (2) subsequent two-year term, not to exceed a cumulative total of up to nine (9) years.
