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Agriculture Forestry

Agriculture Financial Services Corporation—Systems to Manage the Lending Program

Report of the Auditor General—November 2020
 

Assessment of Implementation

We assessed the four outstanding recommendations to AFSC from our October 2016 audit of its Systems to Manage the Lending Program. We found all four of the following recommendations have been implemented:

  • Define strategic objectives, articulate sector credit needs, and re-evaluate the relevance of the lending program
  • Define oversight responsibilities
  • Develop a funding model and costing system
  • Monitor the performance of the loan portfolio
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