cover image: Audit of NPP national accounting function /

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Audit of NPP national accounting function /

12 Nov 2010

Objectives The purpose of the national accounting function audit is to provide assurance to the CDS on the effectiveness and adequacy of the risk management, governance processes, and management controls that are in place. [...] The objectives of the four phases of the audit are to determine the extent to which the internal control framework and processes in place: • provide accurate financial data, timely payments and submission of legislated remittances in accordance with internal and external policies and legislation; • provide accurate financial data, timely collections of amounts owed, controls and limits on the gran [...] Although the mandates for the NARO and the RAMs were articulated in the documentation relating to the “nationalization” of the accounting functions that was effected in 2003/2004,2 this documentation is not readily available to users of NPF accounting services. [...] Most of the processing previously performed and supervised at the regional HQs by the RAMs shifted to the National Accounting Offices and the local Base/Wing NPF Accounting Offices, facilitating the reduction to three regions. [...] The Managing Director, NPP and Base/Wing Reporting Chains of Command illustrate the horizontal dissonance that exists between two of the chains of command within the purview of the Managing Director, NPP (i.e., CANEX and CFO) and between the CFO and the Base/Wing entities.
government politics economy risk management accounting armed forces audit business internal control bank cheque internal audit internal controls book value economy, business and finance authentication credit and debt chief financial officer accounts receivable asset accounts payable payables federal departments
Pages
37
Published in
Ottawa

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