Audit of Key Financial Processes at the Central Ontario Field Unit

AUDIT OF KEY FINANCIAL PROCESSES AT THE CENTRAL ONTARIO FIELD UNIT FINAL REPORT Prepared by: Spearhead Limited MAY 2006 Report tabled and approved by the A&E CommitteeParks Canada Agency Audit of Key Financial Processes Central Ontario Field Unit Her Majesty the Queen in Right of Canada, represented by the Chief Executive Officer of Parks Canada, 2007 Cagalogue No. : R60-3/2-8-2006 ISBN : 0-662-49361-3PEAG 2 May 2006 Parks Canada Agency Audit of Key Financial Processes Central Ontario Field Unit TABLE OF CONTENTS EXECUTIVE SUMMARY ...................................................................................4 1. BACKGROUND ...........................................................................................7 2. OBJECTIVES AND SCOPE.........................................................................7 3. METHODOLOGY.........................................................................................8 4. ASSURANCE STATEMENT........................................................................9 5. CONCLUSION.............................................................................................9 6. OBSERVATIONS AND RECOMMENDATIONS ........................................10 6.1. Management Control Framework.................................... ...