Section 30 of the Canada Infrastructure Bank Act provides that the Auditor General of Canada and an
auditor appointed annually by the Governor in Council are the auditors of the CIB.
This Request for Proposals (“RFP”) is issued by the CIB on behalf of the Finance and Audit Committee
(“FAC”) to solicit proposals from qualified CPA firms as joint external auditor with the Auditor General of
Canada to audit its financial statements for the fiscal year ending March 31, 2024 (fiscal 2023-2024) with
the intention for reappointment in subsequent years. As set out in Section 30 of the Canada Infrastructure
Bank Act, the joint external auditor would work with the Office of the Auditor General (“OAG”) to complete
a joint audit. These audits are to be performed in accordance with generally accepted auditing standards
and the financial statements are prepared in accordance with Public Sector Accounting Standards
(“PSAS”).
The objective of the audit is express an opinion, as to whether the financial statements of the CIB present
fairly, in all material respects, the financial position, the results of its operations, changes in net financial
assets, and changes in cash flows in accordance with PSAS. Management will prepare the financial
statements that will be subject to the joint audit.
