Annex to the Statement of Management Responsibility Including Internal Control over Financial Reporting
Office of the Registrar of the Supreme Court of Canada for Fiscal Year 2012-2013 (unaudited)
In support of an effective system of internal control, the Office of the Registrar of the Supreme Court of Canada (Office) annually assesses the performance of its financial controls to ensure:
- financial arrangements or contracts are entered into only when sufficient funding is available;
- payments for goods and services are made only when the goods or services are received or the conditions of contracts or other arrangements have been satisfied; and
- payments have been properly authorized.
The Office will leverage the results of the periodic Core Control Audit performed by the Office of the Comptroller General. This Audit is currently scheduled for fiscal year 2014-2015. Below is a summary of the results of the assessment conducted during fiscal year 2012-2013.
2. Assessment Results during fiscal year 2012-2013
As planned in the Office's 2011-2012 annex, the documentation of business processes and design effectiveness testing for Capital Assets and Financial Closing and Reporting was completed in 2012-2013. The results of this assessment indicated that key controls are in place and are functioning as intended.
In addition, controls related to payment for goods and services and payment authority were, for the most part, functioning well and form an adequate basis for the Office's system of internal control.
3. Assessment Plan
In addition to completing the IT General Controls documentation in 2013-2014, the Office will continue to monitor the performance of its system of internal control with a focus on the core controls related to financial transactions.
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