RFPOEBBPBSPA01132020 - Business Plan Balanced Scorecard Performance Audit

Project Background
The Ontario Energy Board (the "OEB”) is the regulator of Ontario’s natural gas and electricity industries.
 
The OEB measures its performance using a balanced scorecard approach.
 
The OEB develops its Balanced Scorecard based on the approved Business Plan annually. An independent auditor is required to assess and report on the OEB’s performance in achieving the initiatives set out in the Business Plan.  

Objectives
To produce an annual audit report which outlines the audit findings and assessment of the OEB’s Balanced Scorecard results. The audit process timeline will be between the months of April or May as determined by the OEB.
 
The report shall include a description of the performance achieved against the Balanced Scorecard and a discussion on any significant variances from the internal report. The OEB will post the Auditor’s report on the OEB’s website.
 
The term of the assignment is for two (2) years with an option to extend for two (2) additional one (1) year terms.

Purpose and Scope

1. To review and verify the achievements of the annual Business Plan as documented in the OEB‘s Balanced Scorecard based on the Performance Evaluation Framework and the evidence provided (historically this has taken one auditor 2 to five business days of fieldwork).
2. Provide an assessment of the results achieved (in hardcopy and softcopy).
3. Providing confirmation of the Business Plan Milestone Achievement Scoring.
4. Produce an Audit Report.
5. Provide post-audit explanations (if needed) to external parties.