ARCHIVED - Management Practices Review and Review of Financial Management Reporting Practices of the Alberta Region

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Author: (Audit and Evaluation Sector)
Date: (January 2008)

 

 

Table of Contents

 

 

Objectives

Management Practices Review

Provide review level assurance that grant and contribution, contracting, financial management and human resources management practices comply with authorities and are delivered consistent with the TB Management Accountability Framework

Financial Management Reporting Practices

Identify and assess the reporting practices designed to facilitate adequate, transparent financial reports

Identify potential best practices and opportunities for improvement

 

 

Methodology

 

 

Context

There are 45 First Nations in the Region:

Services delivered through treaty areas 6,7 and 8

Alberta region provincial costs and standards growing much faster than the national average

2006/7 total expenditures $712 million including $690 million in grants and contributions

 

 

Observations - General Management

Strengths

 

 

Observations - Grants and Contributions

 

 

Observations - Contracting

 

 

Observation - Financial Payments

Treasury Board has established an allowable error rate of 5.0% above which a corrective action plan is required

The Headquarters selected sample of Alberta Region's financial payment transactions which was post audited in 2006 contained an error rate of only .5%

 

 

Observations - Human Resources

 

 

Recommendations

 

 

Observations - Financial Management Reporting Practices (PwC)

Good Practices noted:

 

 

Recommendations (PwC)

 
 
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