The Auditor General’s Office is governed by a detailed Policies and Procedures Manual. The contents of the Manual are based on the need for the Office to comply with generally accepted government auditing standards. The Manual is a public document and is available on the Auditor General’s Web site and has been used extensively as a best
practice by a number of organizations throughout North America.
Included in the Manual is the following statement:
“The staff in the Auditor General’s Office will fulfill their mandate and mission in a manner that is consistent with the following values and principles:
– Audit Reports: Reports are produced on a timely basis, communicate significant findings and useful information for City Councillors, management and the public.”
The preparation and tabling of audit reports on a timely basis is a requirement of generally accepted government auditing standards. In this context the Auditor General’s Office is particularly aware of the need to issue audit reports on a timely basis.
The purpose of this report is to advise Audit Committee of ongoing delays in producing a report relating to the development of the City’s Financial Planning Analysis and Reporting System commonly known as FPARS.