The Auditor General’s Work Plan includes the development of a system of continuous controls monitoring for selected City expenses. The objective of the Continuous Controls Monitoring Program is to provide periodic reports to management which assist in proactively monitoring financial transactions, detecting unusual expenses and identifying areas where internal controls could be strengthened. The Continuous […]
A continuous controls monitoring program was initiated at the City in 2011. The objective of the program is to develop exception reports to pro-actively identify unusual levels of overtime and other employee expenses on an ongoing basis. This is done through the use of specialized audit software. In September 2012, the Auditor General issued an […]
The Auditor General’s Work Plan includes the development of a system of continuous controls monitoring for selected City expenses. The objective of the Continuous Controls Monitoring Program is to provide periodic reports to management which assist in proactively monitoring financial transactions, detecting unusual expenses and identifying areas where internal controls could be strengthened. The Continuous […]
The Auditor General’s Work Plan included the development of a system of continuous controls monitoring for selected City expenses. The objective of the Continuous Controls Monitoring Program is to provide periodic reports to management which assist in proactively monitoring financial transactions, detecting unusual expenses and identifying areas where internal controls could be strengthened. The Continuous […]
Toronto Transit Commission, Employees Overtime and Related Expenses – Continuous Controls Monitoring
In 2011, the Auditor General initiated a project known as “continuous controls monitoring” at the City. In general terms, the purpose of the project is to identify and isolate unusual, specific transactions throughout the City (such as excessive overtime in payroll) and forward this information to management for further review and analysis. The transactions are extracted […]
The Auditor General’s Work Plan included the development of a system of continuous controls monitoring for selected City expenses. The objective of the Continuous Controls Monitoring Program is to provide periodic reports to management which assist in proactively monitoring financial transactions, detecting unusual expenses and identifying areas where internal controls could be strengthened. The Auditor General […]
The Auditor General’s Audit Work Plan included the development of a system of Continuous Controls Monitoring for selected City expenses. The objective of the Continuous Controls Monitoring Project is to develop reports on a regular basis to assist management in proactively monitoring financial transactions, detect expenses that appear unusual and identify areas where internal controls […]
The Auditor General’s 2011 Annual Work Plan includes the development and application of a system of continuous controls monitoring for various operations throughout the City. This process is conducted using specific audit data extraction software. Continuous controls monitoring involves the ongoing and regular identification of unusual transactions throughout the City’s financial information system. The advantages […]