2.1 Audit objectives and scope
The objectives of the audit were to determine whether VAC had adequate controls in place to ensure the Veterans and Family Well-Being Fund’s
- application assessment process was consistent and transparent;
- grant and contribution disbursements respected relevant Treasury Board direction; and
- program recipients’ projects were actively monitored, ensuring funding agreement terms and conditions were met.
Scope:
The Fund has had two calls for application (i.e. two rounds of funding). The scope of the audit is defined in terms of both the process as well as the round of funding. In this regard, the audit testing covered:
- The assessment and cash disbursement phases of round two of funding; and
- The monitoring phase of both rounds one and two up to March 31, 2020.
The audit findings and conclusions contained in this report are based on sufficient and appropriate audit evidence gathered in accordance with procedures that meet the Audit of the Veteran and Family Well-Being Fund 3 January 2021 Institute of Internal Auditors’ International Standards for the Professional Practice of Internal Auditing as supported by the results of the quality assurance and improvement program. The opinions expressed in this report are based on conditions as they existed at the time of the audit and apply only to the entity examined.
Additional information including the audit criteria and methodology are provided in Appendices A and B.