Examination of the value for money audit concept in the private and public sectors.

• To assess the effectiveness of the program through a value for money audit.

In the past, entity planning focused primarily on value for money audit risks.

Steps involved in carrying out value for money audit includes:

Also called "sound financial management audit" or "value for money audit".

A value for money audit would point out inefficiencies, over-spending or underfunding.

A Value for Money audit consists of a comparison of actual performance against standard performance.

It is our belief that a value for money audit would provide the means of identifying opportunities for equal or superior service for less money.

Value for money audit seeks to provide assurances that due regard for value for money has been demonstrated.

This Value for Money audit reviewed six federally-managed drug benefit programs, including VAC's.

B) Employment Equity Value for Money Audit:

Contracting Process Value for Money Audit (previously named Contracts/Contributions) Postponed to 2008-09.

He informed members that the OAG has no plans at this time for a value for money audit of CIHR.

Members were informed that the OAG's value for money audits are not related to CIHR's five year review.

In addition, during the year we began discussions with the National Audit Office around a value for money audit which it is conducting into the Service during 2013.

• In some entities, the Office performs value for money Audits, "special examinations" and/or other types of audit work that further enhance our understanding of these entities.

In addition, the Audit and Evaluation Directorate (AED) recently conducted a Value for Money Audit on the Fisheries Access Program.

Morin, Danielle, "Influence of Value for Money Audit on Public Administrations: Looking Beyond Appearances" in Financial Accountability & Management 17, 2 (May 2001), p.

Office of the Provincial Auditor of Ontario, Ministry of Health: Grants to Public Hospitals, Reports on Value for Money Audits, 1994 Annual Report.

Address OAG Recommendations The Office of the Auditor General of Canada (OAG) conducted a Value for Money audit of NRC in 2003-2004.

A value for money audit (or performance audit) is conducted to provide parliamentarians with information about how government is managing its programs and activities (Testimony of Ms. Sheila Fraser, Volume 1, pp. 36 to 38).

In March 2004, the Office of the Auditor General (OAG) published a value for money audit of the Canadian Food Inspection Agency – Regulation of Plants with Novel Traits.

The Office of the Auditor General will be conducting a value for money audit of the government’s money laundering and terrorist financing strategy and the report will likely be tabled in Parliament during the 2004-2005 fiscal year.

Mr. Geiger got his first exposure to evaluation over twenty years ago while working with Peat Marwick on Comprehensive Audit Projects, Computer Audits, and Value for Money Audits in the Government of Canada.

The scope ofthis review of contract practices on the CST project did not include a value for money audit but did require comments on those factors which may have detracted from the Crown receiving full value for money from the project.