Unaudited Financial Statements 2014-15
For the Year Ended March 31, 2015 Canadian Intergovernmental Conference Secretariat Statement of Management Responsibility Including Internal Control over Financial Reporting Responsibility for the integrity and objectivity of the accompanying financial statements for the year ended March 31, 2015, and all information contained in these statements rests with the management of the Canadian Intergovernmental conference Secretariat (CICS) These financial statements have been prepared by management using the Government’s accounting policies, which are based on Canadian public sector accounting standards. Management is responsible for the integrity and objectivity of the information in these financial statements. Some of the information in the financial statements is based on management’s best estimates and judgment, and gives due consideration to materiality. To fulfill its accounting and reporting responsibilities, management maintains a set of accounts that provides a centralized record of the CICS’s financial transactions. Financial information submitted in the preparation of the Public Accounts of Canada, and included in the CICS’s Departmental Performance Report, is consistent with these financial statements. Management is also responsible for maintaining an effective system of internal control over financial reporting (ICFR) designed to provide reasonable assurance that financial information is reliable, that assets are safeguarded and that transactions are properly authorized and recorded in accordance with the Financial Administration Act and other applicable legislation, regulations, authorities and policies. Management seeks to ensure the objectivity and integrity of data in its financial statements through careful selection, training and development of qualified staff; through organizational arrangements that provide appropriate divisions of responsibility; through communication programs aimed at ensuring that regulations, policies, standards, and managerial authorities are understood throughout the CICS’s and through conducting an annual risk-based assessment of the effectiveness of the system of ICFR. The system of ICFR is designed to mitigate risks to a reasonable level based on an on-going process to identify key risks, to assess effectiveness of associated key controls, and to make any necessary adjustments. The CICSis subject to periodic Core Control Audits performed by the Office of the Comptroller General and uses the results of such audits to comply with the Treasury Board Policy on Internal Control. A Core Control Audit was performed in 2011-12 by the Office of the Comptroller General of Canada (OCG). The Audit Report and related Management Action Plan are posted on the departmental web site at respectively Core Control Audit of the Canadian Intergovernmental Conference Secretariat and CICS Management Action Plan. The financial statements of the CICS have not been audited. André M. McArdle, Secretary Ottawa, Canada September 23rd, 2015 Brian J. Berry FCPA, FCMA, Assistant Secretary and Chief Financial Officer Ottawa, Canada September 23rd, 2015 Canadian Intergovernmental Conference Secretariat Statement of Financial Position (Unaudited) As at March 31 (in dollars) 2015 2014 Liabilities Accounts payable and accrued liabilities (note 4) $ 507,459 $ 759,943 Vacation pay and compensatory leave 94,261 83,987 Employee future benefits (note 5) 139,127 95,262 Total liabilities 740,847 939,192 Financial assets Due from Consolidated Revenue Fund 392,307 581,411 Accounts receivable and advances (note 6) 178,224 765,790 Total gross financial assets 570,532 1,347,201 Financial assets held […]
by Mario Giasson
Read more »
Upcoming Internal Audits and Evaluations Over The Next Three Fiscal Years 2014-2015
A. All upcoming Internal Audits over the next three fiscal years 1. Name of Internal Audit 2. Internal Audit Type 3. Status 4. Expected Completion Date Horizontal Internal Audit on Information Technology Security in Large and Small Departments Internal Planning Phase Ending in Q4 2014-15 Horizontal Internal Audit of Shared Accountability in Back Office Consolidations in Large and Small Departments Horizontal Planning Phase Ending in Q4 2014-15 Horizontal Internal Audit of Information Management in Large and Small Departments Horizontal Planning Phase 2015-16 Horizontal Internal Audit of Contracting and Procurement in Large and Small Departments Horizontal Planning Phase 2015-16
by Mario Giasson
Read more »
Greening Government Operations (GGO) 2014-15
Green Procurement Reporting For Departments and Agencies Not Bound by the Federal Sustainable Development Act Strategies / Comments Approach: The Canadian Intergovernmental Conference Secretariat’s (CICS) approach to implementing green procurement is to target the use of PWGSC procurement instruments, the delivery of training to key personnel and the inclusion of green procurement objectives in the employee performance evaluations of key decision makers. Management Processes and Controls: CICS will maximize the use of PWGSC procurement instruments such as standing offers and supply arrangements. CICS will continue to review and update internal processes and controls in order to integrate environmental considerations. Training: CICS has ensured that all staff with procurement responsibilities completed the CSPS course C215. CICS will also require that all new staff with procurement responsibilities complete the course within three months of being hired. Performance Evaluations: CICS will ensure that an objective to include environmental considerations in procurement activities is integrated into individual performance evaluations. Meeting Targets: CICS will report against these targets in the Departmental Performance Report.
by Mario Giasson
Read more »