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Auditor General’s Opinions on the Summary Financial Statements and the Provincial Debt Summary
The Auditor General’s opinions on the 2011/12 Summary Financial Statements and Provincial Debt Summary.
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Observations on Financial Reporting: Summary Financial Statements 2010/11
This report includes further detail on the audit opinion of the government’s Public Accounts, as well as further recommendations on financial reporting and an overview of management letters.
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Observations on Financial Reporting: Summary Financial Statements 2009/10
This report includes further detail on the audit opinion of the government’s Public Accounts, as well as further recommendations on financial reporting, an overview of management letters and a summary of a governance survey.
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Observations on Financial Reporting: Audit Findings Report on the 2008/09 Summary Financial Statements
An annual report to inform legislators and the public about the Auditor General’s opinion of government’s Summary Financial Statements.
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Observations on Financial Reporting: Audit Findings Report on the 2007/08 Summary Financial Statements
An annual report to inform legislators and the public about the Auditor General’s opinion of government’s Summary Financial Statements.
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Preparing for a financial audit
To help meet the agreed upon objectives of this audit, we ask that you provide in a timely manner: Management is responsible for selecting accounting policies, ensuring that transactions are properly recorded in the accounting records, and for establishing and maintaining internal controls that permit the statements to be prepared in accordance with generally-accepted accounting…
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Financial audit process
Below are primary steps of the financial audit process:
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Financial audits
Financial audits are the majority of our activity. Financial audits can state whether an organization’s financial statements are fairly presented and free of material misstatements (significant errors). We also audit other financial information, such as compliance with federal agreements. Financial audits are conducted in accordance with Canadian generally accepted auditing standards (GAAS). We audit financial…
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Fraud Risk and Financial Statements: B.C. Public Sector, Part 1
We sent a questionnaire to 23 Crown organizations, post-secondary institutions, school districts, health authorities and associations, to understand how they perceive and manage the risk of fraud. This information will help our auditors plan our annual audit of the Province’s summary financial statements — the largest financial statement audit in B.C.
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Report on the Financial Audit Work: Fiscal Year 2021/22
This report shares a behind-the-scenes look at this year’s audit of the government’s summary financial statements. In it, you’ll find out more about the significant errors or omissions that led to a qualified independent auditor’s report and learn more about key issues like COVID-19 benefit programs and rising disaster-related costs.