Western Economic Diversification Canada
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Audit Approach

Planning

Audit planning started in August 2011 and fieldwork was completed in November 2011.  Departmental employees were engaged as necessary throughout the audit process to facilitate identification of key risks, audit criteria, control elements and audit strategies.

Standards and Methodology

Government of Canada internal auditing standards were used for the audit. The audit was evidence-based and provides audit assurance that is fully supported. The basis for the audit examination and audit expectations were communicated and agreed to by management. The evidence was gathered through risk analysis, interviews, system and process documentation reviews, project file examinations, and project management system data reviews.

Sampling

Internal Audit judgementally selected a sample of 65 payables and accruals recorded at March 31, 2011 (40 relating to transfer payments and 25 to operating expenses) for testing processes and controls over PAYEs and subsequent payments. Another 38 samples were selected to test and confirm internal controls over decommitment, reprofiling and PAYE adjustment processes.

Audit Team

Donald MacDonald, Chief Audit Executive

Hemendra Shah, Audit Principal

Wilfredo Dimailig, Auditor