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PEACE RIVER has floated a tender for Asset Retirement Obligation Standard - Implementation. The project location is Canada and the tender is closing on 26 Oct 2023. The tender notice number is TPR2023322, while the TOT Ref Number is 90451176. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : Canada
Summary : Asset Retirement Obligation Standard - Implementation
Deadline : 26 Oct 2023
Other Information
Notice Type : Tender
TOT Ref.No.: 90451176
Document Ref. No. : TPR2023322
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
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Login to see detailsTender Details
Scope of Work: The scope of work and Deliverables to be provided by the successful Proponent include but are not limited to the following: Framework: • Develop an implementation strategy for the adoption and integration of the new accounting standard. • Develop policy and procedures for the adoption of the new ARO accounting standard.• Develop a method and process to update the calculations for subsequent years. Identification & Reconciliation: • Reconcile the multiple tangible capital asset listings for the purpose of establishing one tangible capital listing.• Identify any applicable regulations and / or legal requirements.• Identify assets that are within the scope of the new standard. Recognition & Measurement: • Recommend the transition method for adoption of the standard.• Form assumptions to be applied to measurement of the retirement obligation including whether a discount rate will be used.• Calculate asset retirement obligation costs for in-scope assets, including separation of legally required costs from other optional costs. Reporting & Presentation: • Assist the Town with incorporating the required reporting into December 31, 2023 financial statements, including restatement of 2022 comparative figures• Recommend roles and responsibilities for subsequent measurement and reporting.
Solicitation Number : TPR2023322
Solicitation Type : Request For Proposal
Closing Date : 10/26/2023 02:00:00 PM Alberta Time
Agreement Type : NWPTA/TILMA
Commodity Codes : R010A: Internal and External Audits (Supply Arrangement PASS)
R010AG: Finance & Accounting Services Audits (Supply Arrangement PASS)
R010B: Audit Services, Not Elsewhere Specified
Category : Services
Response Submission :
Deadline for Questions : October 19, 2023
Proponents should contact the RFP Contact Person with any questions, in writing, by
email only, prior to the Deadline for Questions noted in Section 3.1 – RFP Schedule.
This will allow the Town, at its discretion, to issue addendum prior to the Anticipated
Last Date to Issue Addenda. Questions received after the Deadline for Questions will
be addressed if time permits
Documents
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