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2006 May Status Report of the Auditor General of Canada

May 2006 Status Report—Chapter 1

Insert 1.1—Priorities of the Office of the Comptroller General

The priorities of the Office of the Comptroller General are to strengthen the financial information and internal control framework across the federal public service by

• nurturing and developing the financial and internal audit communities;
• establishing a new financial management regime and a management control framework and updating financial management policies;
• developing certification standards and a core learning strategy for financial management and internal audit;
• setting and reviewing financial, accounting, and auditing standards and policies for the Government of Canada;
• developing a revised internal audit policy;
• developing governance and protocols for internal audit services to smaller departments and for government-wide audits;
• establishing the capacity to perform quality assessments of internal audit functions;
• leading the introduction of modern, timely, enterprise-wide financial information systems and developing associated business processes and standards;
• overseeing government spending, including policies, processes, and criteria for review and sign-off of spending proposals, and monitoring and reporting provisions; and
• providing guidance for preparing departmental financial statements and the Public Accounts of Canada.

Source: Adapted from Treasury Board Secretariat and Office of the Comptroller General documents