Audit of CANEX purchasing and inventory management /

The purpose of this audit is to provide assurance to Senior management has the Chief of the Defence Staff (CDS) on the instilled a strong operational effectiveness and adequacy of the risk management, focus, strategic planning governance processes, and management controls that improvements, and clear are in place to facilitate the efficient and cost- corporate priorities. [...] As shown in Figure 1, the Vice President of NATEX, the Vice President of CANEX, the Manager, Strategy and Plans (MSP), and the National Manager, SMS/IT2 Projects, report directly to the President of CANEX/NATEX. [...] Chief Review Services 2/20 Audit of CANEX Purchasing and Inventory Management Final – November 2010 Objective The objective of this audit is to provide assurance to the CDS on the adequacy and effectiveness of the governance processes and the risk management and management control frameworks that CANEX has in place to facilitate the efficient and cost-effective procurement of merchandise for resal [...] Governance can be defined as the combination of processes and structures implemented by senior management to inform, direct, manage, and monitor the activities of the organization toward the achievement of its objectives. [...] The maintenance and updating of the policy direction provided in the Policy and Procedures for Non-Public Funds Accounting (A-FN-105) that pertains to CANEX is the responsibility of DGPFSS’ Accounting Policies and Procedures Analyst.