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SUMMARY |
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The purpose of this enactment is to require Crown corporations and
departments to complete an annual internal audit and audit report, using
internal or external auditors who are to be qualified as prescribed by the
Auditor General. The internal audit report is then to be submitted to the
head of the corporation or minister for the department, and to the
Auditor General. Either of them may require further examination of
records.
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This will secure a greater involvement and commitment of Crown
corporations and departments in their own financial regulation and will
assist the Auditor General in the timely fulfilment of the duties required
under the Auditor General Act.
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