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Public Accounts committee  Thank you. There were two reports. There was one in 2003 and there was one in 2006. The 2003 one was the one that deals with financial management information, which referred to the statistics of the professionalization of the community. The 2006 report was more focused on risk m

November 28th, 2011Committee meeting

Nancy Cheng

Public Accounts committee  I'll comment on that, and maybe the Comptroller General would like to express his views on this as well. Essentially, the policy requirement is that we need to have a qualified CFO, chief financial officer. There are guidelines that the Office of the Comptroller General has prom

November 28th, 2011Committee meeting

Nancy Cheng

Public Accounts committee  I think this needs to be understood in terms of what this job represents. There are many steps to be taken before they have good systems of internal control in place. First and foremost, you need to know what they are. That is the documentation step. Then we have to have a view a

November 28th, 2011Committee meeting

Nancy Cheng

Public Accounts committee  Thank you, Mr. Chair. The important point that I would note is the professionalization of the function of the CFO. It is important to have the right people in place, as opposed to necessarily the quantum of people. The combination between the CFO and the deputy CFO to have the f

November 28th, 2011Committee meeting

Nancy Cheng

Public Accounts committee  Thank you, Mr. Chair. Risk management is very important and fundamental to how well a department can manage its resources. The observation that was made in the past was that there really wasn't a holistic and integrated risk management approach. While departments might have had

November 28th, 2011Committee meeting

Nancy Cheng

Public Accounts committee  Thank you, Mr. Chair. First, I apologize if I confused the committee about our position. Our position is very clear: we're solidly behind accrual-based budgeting as well as accrual-based appropriations. What I was explaining was that it is not for the auditors to say that this

November 28th, 2011Committee meeting

Nancy Cheng

Public Accounts committee  Thank you, Mr. Chair. Accountability is germane to public administration. In the Financial Administration Act, designating the deputy head as the accounting officer, it also means that the accounting officer is accountable for the various results and performance of the organizat

November 28th, 2011Committee meeting

Nancy Cheng

Public Accounts committee  Thank you. The first audit question that we pose has to do with recommendations we laid out before on how the Comptroller General's office would try to improve the system of internal control. And there are various elements. One of the elements is to see that they would be monito

November 28th, 2011Committee meeting

Nancy Cheng

Public Accounts committee  Thank you. I don't think there is a sense of disagreement. What we're indicating is that when we look at the audit, all these DPR disclosures were in the very early days. The earlier model of just looking at some of the math of the management accountability framework results see

November 28th, 2011Committee meeting

Nancy Cheng

Public Accounts committee  Thank you. The government has laid excellent groundwork to improve financial management and internal controls by having senior people in the financial shop who have the financial competency to support all of that. There are several aspects here. In terms of the internal control

November 28th, 2011Committee meeting

Nancy Cheng

Public Accounts committee  Thank you, Mr. Chair. I believe, first and foremost, that the policy suite requiring departments and agencies to maintain effective systems of internal control, and that they have assessments on an ongoing basis, so that they know they have proper controls in place, are elements

November 28th, 2011Committee meeting

Nancy Cheng

Public Accounts committee  Mr. Chair, we're not in a position to confirm that. The audit we did at the time was to look at the plans. We have not actually audited against those plans to see if they are in fact supported.

November 28th, 2011Committee meeting

Nancy Cheng

Public Accounts committee  I have a couple of thoughts. You can certainly ask the departments directly to explain what work they have actually done. Another way of looking at it might be to leverage off some of the audit work that the Comptroller General's office intends to undertake. Remember, when we ta

November 28th, 2011Committee meeting

Nancy Cheng

November 28th, 2011Committee meeting

Nancy Cheng

Public Accounts committee  According to the chart, it looks somewhat ambitious to meet 2012–13, but we have not specifically studied that, so we're not in a position to say that they cannot meet it. But on the surface, it does look ambitious.

November 28th, 2011Committee meeting

Nancy Cheng