Report presented to the Audit Committee
The objectives of this audit were to confirm whether due diligence is being exercised in key management processes within DG Western and Northern Canada and to provide assurance to senior management that the processes and controls in place are adequate to ensure compliance with TBS and PCA policies and practices.
The audit comprised the review of the management control framework (MCF) as applied to financial management and the following key financial process areas:
For the most part, the audit covered transactions entered between April 1, 2007, and September 30, 2007. Expenditures entered by Through Highways Directorate's employees deployed in field units are excluded from this audit. To ensure adequate, representative coverage of the areas, a number of transactions and contracts were selected from 2006–07.