Workers' Compensation Board (WCB) – Alberta Financial Statements Audit RFP
| Agency: | Government of Alberta |
|---|---|
| State: | Alberta |
| Type of Government: | State & Local |
| NAICS Category: |
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| Posted Date: | Feb 14, 2026 |
| Due Date: | Mar 13, 2026 |
| Solicitation No: | AB-2026-01336 |
| Original Source: | Please Login to View Page |
| Contact information: | Please Login to View Page |
| Bid Documents: | Please Login to View Page |
Description
Open & Competitive Opportunity
• Request for Proposal
Open
Auditor General
The entity: Workers’ Compensation Board – Alberta (WCB) is a provincial board created by legislation in 1918. As a statutory corporation, WCB administers the workers’ compensation system for the province of Alberta under the authority of the Workers’ Compensation Act. WCB’s corporate head office is located in Edmonton, Alberta, with operations exclusively within the province of Alberta. WCB’s legislated mandate is to provide disability benefits to workers who sustain injuries in the course of employment.
Additional information about the WCB’s operations and annual reports can be found as its website https://www.wcb.ab.ca
Key Timelines:
The Agent will need to be available to provide services as outlined in section 3.3 of the RFP with the timelines as follows:
For the next four fiscal years ending December 31, 2026; December 31, 2027, December 31, 2028, and December 31, 2029:
a. Preparation and presentation of the audit plan with the Oversight Leader to the audit committee – September to November.
b. Interim audit work – between October and February.
c. Year-end field work must be completed by mid-April.
d. Audit exit conference document (summarizes results of the audit) must be prepared for discussion with management in first week of April, with the audit committee taking place at the end of April.
e. Issue an auditor’s report to the Auditor General on WCB’s Board of Directors approval of the financial statements. The Auditor General will subsequently issue his/her Auditor’s report to WCB along with any management letter comments typically by the first week of May.
f. Examination of WCB’s annual report for consistency with the audited consolidated financial statements – before the board’s approval of the financial statements.
The ability to staff the audit to meet these key deadlines will be essential to maintaining a good working relationship with WCB and meeting the Auditor General’s expectations.
Work Required:
The agent will have to complete the audit of the financial statements of the entity in accordance with Canadian generally accepted auditing standards. The agent’s audit report will be addressed to the Auditor General who will rely upon it to issue his own audit report. The agent’s audit opinion to the Auditor General will not be provided to or discussed with the auditee or in any way made public.
The agent will also be responsible for preparing and appropriately supporting any derivative communications (e.g., audit plan, exit document and management letter) arising from the audit in collaboration with the oversight leader with the form and content acceptable to the audit general. To support the Auditor General in his role, an agent is expected to identify issues and develop recommendations. Outstanding recommendations to the entity can be found in the public Reports of the Auditor General of Alberta. The agent may be required to participate in the follow-up on outstanding recommendations made to WCB.
WCB prepares its financial statements in accordance with IFRS Accounting Standards. We strongly encourage proponents to examine the financial statements in WCB’s annual report to understand the required reporting and disclosure.
Proponents shall familiarize themselves with the accounting policies in the financial statements of WCB and identify in their response any areas where they disagree with such accounting policies.
APC Reference #
AB-2026-01336
Category
Services
Posting Date • Time
Feb 13, 2026 • 11:56 am (MT)
Closing Date • Time
Mar 13, 2026 • 2:00:59 pm (MT)
Region(s) of Delivery
Alberta
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