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This report includes an update on the report card on internal controls over financial reporting, together with comparative assessments from our 2015 and 2014 audits of colleges, technical institutions, MacEwan University and Mount Royal University. Our October 2016 report included the results of our audits at Athabasca University, University of Alberta, University of Calgary and University of Lethbridge.

What we found

Keyano College, Northern Lakes College, Portage College, Olds College, Lakeland College and the Alberta College of Art + Design require improvements, some significant, to the accuracy of their financial reporting and/or implementing outstanding recommendations. A report card summarizing the results of our audit of the fiscal 2016 financial reporting processes of all 16 post-secondary institutions examined in this report is included on page 62.