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CCAF's Guide to Auditing Oversight
Thursday, 12 March 2015 00:00

CCAF's Guide to Auditing Oversight

Strong oversight is important to the success of every public sector organization in delivering services effectively and in promoting greater accountability. Auditors can play an important role in helping public sector organizations achieve a balance between risk and control, and efficiency and cost.

Guide to Auditing OversightCCAF is pleased to announce the release of our newest publication: Practice Guide to Auditing Oversight – A guide that will help public sector legislative and internal auditors to plan, carry out and report on audits that address oversight.

Click here to access the Practice Guide to Auditing Oversight.

What is oversight?

Oversight refers to the actions taken to review and monitor public sector organizations and their policies, plans, programs, and projects, to ensure that they:

  • are achieving expected results;
  • represent good value for money; and
  • are in compliance with applicable policies, laws, regulations, and ethical standards.
This figure situates oversight within a simplified governance framework.

How will this guide help?

The Practice Guide to Auditing Oversight will help auditors identify the causes of breakdowns in oversight, highlight weaknesses and inefficiencies in oversight regimes, point to best practices, make recommendations for improvements; and help departments, agencies, boards and authorities to improve their oversight performance.

The Practice Guide provides information and guidance that will help auditors to complete the successive steps involved in planning, conducting, and reporting the results of an audit of oversight. This guidance will be especially useful to auditors who wish to audit:

  • oversight of agencies, boards and authorities; and
  • oversight of major initiatives in departments and ministries.

The Practice Guide also includes a glossary and a list of references (with hyperlinks to quickly access audit reports and other relevant documents on oversight).

How was this guide developed?

The development of CCAF practice guides would not be possible without the significant contributions of the thought leaders and professionals from across Canada who provide of their time and expertise, and bring their diversity of experience to bear on the content.

Members of the core project team, who guided the design and development, included representatives from the:

  • Legislative Audit community (British Columbia, Manitoba, Newfoundland and Labrador, Nova Scotia, Ontario and Saskatchewan)
  • Municipal Auditors General community (Halifax Regional Municipality, Ottawa)
  • Internal Audit community – Employment and Social Development Canada, Office of the Comptroller General/Treasury Board Secretariat
  • Private Sector – Bank of Montreal
  • NGO Sector – Institute on Governance

The guide also benefitted from the input of representatives from:

  • The Offices of the Auditors General of Canada and Quebec
  • CPA Canada

A complete list of contributors is available here.

To access the Practice Guide to Auditing Oversight, Click here.