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APMC Management of Agreement to Process Bitumen at the Sturgeon Refinery

We examined the APMC's systems to manage risks, analyze results and report to the board and public on its business arrangements.

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Summary

Objective and Scope

The objective of this audit was to determine whether the Alberta Petroleum Marketing Commission has adequate systems to manage the risks in it agreements to expand market access and value-added processing.

Conclusion

We concluded that the APMC does not have well-designed systems to manage and communicate the risks of its business arrangements and the agency does not have sufficient evidence to demonstrate that its risk management systems are operating effectively.

Assistant Auditor General, Eric Leonty CPA, CA discusses the Office of the Auditor General of Alberta’s audit of the Alberta Petroleum Marketing Commission’s Management of Agreement to Process Bitumen at the Sturgeon Refinery.
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