The Auditor General’s 2011 Audit Work Plan identified Toronto Community Housing Corporation (TCHC), including its subsidiaries, as a priority for additional audits.
The objective of this review was to assess the extent to which Housing Services Inc.’s (HSI), a subsidiary of TCHC, administrative structure and control framework supports sound financial management and compliance with purchasing policies and procedures.
The audit results are presented in the attached report entitled “Review of Controls Over Procurement and Payment Functions at TCHC Subsidiary: Housing Services Inc.”