Â鶹´«Ã½ to be part of Ontario’s Auditor General annual value-for-money audit
The conducts annual of provincial government programs, agencies and certain public-sector organizations to examine how they manage their activities, responsibilities and resources. Â鶹´«Ã½ has been selected, along with three other Ontario universities, to be included in this year’s VFM audit process.
The independent and objective review will assess whether selected publicly-funded universities in Ontario have effective systems, processes and governance practices in place that ensure:
- Academic programs are delivered and resources, including capital, are acquired economically and efficiently to enable long-term financial sustainability.
- Operational effectiveness is measured, assessed and publicly reported in compliance with legislation and best practices.
- Relevant legislation, regulations, agreements and policies are in place and adhered to.
As part of the process, the Auditor General’s office will visit the university in June.
The results of VFM audits are published in the Auditor General's Annual Report.
Â鶹´«Ã½ appreciates the work of the Auditor General of Ontario and looks forward to their feedback and recommendations.
