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Agriculture Forestry

Agriculture and Rural Development

 

SUMMARY

DEPARTMENT

Matters from the current audit

There are no new recommendations to the Department of Agriculture and Rural Development in this report.

Matters from prior audits

The Department has implemented our:

  • October 2012 recommendation to improve its risk management processes—see below
  • November 2006 recommendation to improve its systems for reporting and dealing with allegations of employee misconduct—see page 114

AGRICULTURE FINANCIAL SERVICES CORPORATION

There are no new or outstanding recommendations.

ALBERTA LIVESTOCK AND MEAT AGENCY

There are no new or outstanding recommendations.

FINDINGS AND RECOMMENDATIONS

DEPARTMENT

Matters from prior audits

Enterprise risk management—implemented

Our audit findings

In 2012 we recommended that the department improve its risk management processes. The department implemented our recommendation by developing an enterprise risk management policy framework. The policy includes risk assessment, risk treatment, monitoring and review and communication.

The department also developed risk assessment templates to document and track risks and mitigation strategies.

With the implementation of the ERM framework, management is able to identify, assess, manage and monitor risks. Management produces a risk management report and submits it to the department’s executive team semi-annually for their review.

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