Audit of Regional Operations - Saskatchewan Region FINAL Report Nov 16 10 x

Audit of Regional Operations – Saskatchewan Region WESTERN ECONOMIC DIVERSIFICATION CANADA Audit & Evaluation Branch November 2010 1 Western Economic Diversification Canada Table of Contents 1.0 Executive Summary 1 Findings 1 Statement of Assurance 2 2.0 Introduction 3 Background 3 Audit Objectives 3 Key Risks 3 Scope and Methodology 4 3.0 Findings and Recommendations 4 3.1 Governance structure and strategic directions 4 3.2 Planning, Budgeting, Forecasting and Reporting 5 3.3 Results and Performance Reporting 7 3.4 Transaction Processing and Coding 8 3.5 Delegation of Authorities 9 4.0 Conclusion 9 5.0 Audit Approach 10 Standards and Methodology 10 Sampling 10 Audit Team 10 Western Economic Diversification Canada 1.0 Executive Summary 1.1 The audit of Saskatchewan regional operations was identified in Western Economic Diversification Canada’s (WD) approved 2010-2013 Risk-Based Audit Plan. The objective of the audit was to provide reasonable assurance to the Deputy Minister that the Saskatchewan Region has in place sound governance, planning, budgeting, forecasting, and reporting processes to support effective decision-making. 1.2 The audit covered the period from April 1, 2009 to March 31, 2010. The audit focused on management controls, processes and practices in the areas of: a) governance structure and strategic ...