External ICFR Audit and Internal Monitoring Framework Development PASS - E60ZQ-180001; Stream 6 (Financial and Accounting Services)
- Location
- Ontario, CAN
- Closing date
- Jul 29, 2026
- Published
- Jul 9, 2026
- Notice type
- Open to bid
- Reference number
- cb-400-79682012
- Solicitation number
- 217260
Summary
FedNor (National Capital Region) seeks an independent accounting/audit firm to assess the design and operating effectiveness of its internal controls over financial management and reporting (ICFM/ICFR) and to develop a risk-based internal monitoring framework aligned with TBS requirements and the COSO framework.
From the notice
FedNor requires the services of an independent and qualified accounting or audit firm to assess the design and operating effectiveness of its Internal Controls over Financial Management (ICFM), including Internal Controls over Financial Reporting (ICFR), and to provide recommendations for improvement. The engagement will also include the development of a sustainable, risk-based internal monitoring framework aligned with Treasury Board of Canada Secretariat requirements and the COSO Internal Control – Integrated Framework. This work will provide independent assurance over FedNor’s financial control environment, support management’s financial reporting responsibilities, strengthen governance and accountability, and establish an ongoing approach to monitoring internal controls that reduces long-term reliance on external service providers.
Work type
Contact
Prashad Kandiah