Management and Control Activities for the Preparation of the Public Accounts
The Province of Manitoba needs to improve how it prepares financial information for audit after repeated issues were identified during audits of the Public Accounts, says Auditor General Tyson Shtykalo.
For several years, the Auditor General has identified an increasing number of errors in financial information prepared by the Province and presented for audit. The Province has had to correct these errors and other issues identified during the audits. This has resulted in additional audit work and delays in releasing the Public Accounts.
To determine the causes of these recurring errors, Shtykalo launched this performance audit. The audit found weaknesses in financial reporting processes, including poor recordkeeping, insufficient communication and training, a lack of formal departmental review, and inadequate review by the Office of the Provincial Comptroller.
The report includes 18 recommendations to strengthen the Province’s financial reporting processes, including planning, oversight, recordkeeping, and staff training.
