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2006 May Status Report of the Auditor General of Canada
May 2006 Status Report—Chapter 1
Exhibit 1.3—Progress in addressing recommendations on improving financial information
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Recommendation |
Progress |
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The Treasury Board of Canada Secretariat should promptly complete its study of accrual-based budgeting and appropriations at the department level and implement an approach for a common accrual basis of planning, budgeting, and reporting. (February 2005 Status Report, Chapter 8, paragraph 8.43, also consistent with March 2004 Report, Chapter 6, paragraph 6.58) |
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The Office of the Comptroller General, in conjunction with department and agency deputy ministers, should ensure that departments and agencies have strategies, where applicable, for improving the quality and use of accrual financial information that supports their regular financial reporting, analysis, and decision-making process. (February 2005 Status Report, Chapter 8, paragraph 8.56, also consistent with March 2004 Report, Chapter 6, paragraph 6.81) |
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The Office of the Comptroller General, in co-operation with departmental and agency management, internal audit groups, and audit committees, should ensure that departments and agencies identify and address the internal control weaknesses in financial information systems within a reasonable period. (February 2005 Status Report, Chapter 8, paragraph 8.37, also consistent with March 2004 Report, Chapter 6, paragraph 6.92) |
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The Comptroller General, in conjunction with senior financial officials in departments and agencies, should develop a vision, strategy, and implementation plan with key milestones for promoting and improving the financial capacity in departments and agencies that are consistent with the government's announced support in this area. (February 2005 Status Report, Chapter 8, paragraph 8.25, also consistent with March 2004 Report, Chapter 6, paragraph 6.51) |
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The Office of the Comptroller General should promptly resolve any outstanding issues regarding departmental financial statements and develop a plan to achieve the commitment of having audited financial statements within five years. (February 2005 Status Report, Chapter 8, paragraph 8.63, also consistent with March 2004 Report, Chapter 6, paragraph 6.98) |
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Satisfactory — Progress is satisfactory, given the significance and complexity of the issue, and the time that has elapsed since the recommendation was made.
Unsatisfactory — Progress is unsatisfactory, given the significance and complexity of the issue, and the time that has elapsed since the recommendation was made.