The Policy on Internal Controls (PIC) Team's revised practices are effective in ensuring that its PIC strategy is periodically updated, that compensatory controls in place during process and system changes will be considered for testing as part of providing ongoing assurance on ICFR, that evidence of the implementation of remediation actions are gathered and documented, and that the adequacy of remediation actions are evaluated by the PIC team within a 12-month testing cycle. Due diligence review process supporting the CFO Attestation for Cabinet Submissions.The implementation of the Management Response Action Plan (MRAP) following recommendations pertaining to the Statement of Management Responsibility including Internal Control over Financial Reporting (ICFR) that resulted from the Audit of Key Financial Controls (April 2013) and.The objective of this audit is to provide assurance to the Chief Statistician, the Chief Financial Officer (CFO) and the Agency's Departmental Audit Committee (DAC) on the adequacy and effectiveness of examination and oversight activities undertaken within the Finance Branch in support of: Senior management made a proactive risk based request for an audit to be conducted to ensure that recommendations from the 2011-2012 Audit of Key Financial Controls have been addressed and to assess the current framework and processes in place to support the CFO attestation process in accordance with the new Guideline, which came into effect January 1, 2014. Appendix B: Assertions and Details from the Guideline to CFO Attestation.CFO Attestation and Due Diligence Review.Follow-up from the Audit of Key Financial Controls.Findings, Recommendations and Management Response.
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