Each year we audit the province’s summary financial statements and its debt related statements then issue our opinion. This report explains our qualified audit opinion on government's 2017/18 summary financial statements.
The 2017/18 annual report and accompanying financial statements. This report provides an overview of our performance and financial position over the last year, as well as a look ahead at our current goals and priorities.
This Service Plan covers the 2018/19 fiscal year, and includes targets through to 2020/21. It provides strategic direction for the office, and outlines its goals for the coming year and the indicators that will be used to evaluate progress. The performance audit and financial statement audit coverage plans identify the projects that the office plans to start over the next three years. The Annual Review of the Budgets of the Statutory Offices (including our office) is prepared by the Select Standing Committee on Finance and Government Services and for approval by the Legislative Assembly.
The Financial Statement Audit Coverage Plan outlines a three-year financial audit plan for the Auditor General, detailing which government organizations our office will audit directly and which will be audited by private sector auditors. The plan is prepared according to the Auditor General Act and professional auditing standards, and presented to the Select Standing Committee on Public Accounts for approval.
The Performance Audit Coverage Plan lists in-progress audits as well as those that the office anticipates starting over the next three years. This year, new performance audit topics include post-secondary student mental health, the RCMP contract, and access to timely cancer care. The office has paused work on seven projects, including the George Massey Tunnel Replacement and the Transportation Investment Corporation due to recent changes in these areas. The office will monitor these projects to determine if further work would add value.
Under section 11 (1) of the Auditor General Act, we complete an annual audit of the B.C. government's Summary Financial Statements. At the end of this process, we issue an audit opinion that is published with the financial statements in government's Public Accounts. The opinion says whether or not the financial statements present government's financial position and results for the year fairly, and in accordance with Canadian generally accepted accounting principles.
The annual report on our performance and financial position with accompanying financial statements.