This week ACFO submitted a brief to the House of Commons Standing Committee on Finance as part of the committee’s 2019 pre-budget consultations. The focus of our recommendations this year was on ensuring economic growth while protecting the financial management framework.
We highlighted issues such as relaxed financial controls, insufficient resources required to oversee financial management and inadequate protections for those who might witness wrongdoing and wish to come forward. In doing so, we expressed our concern that combined these issues could create the perfect storm for fraud.
To address these potential risks, we recommended:
Throughout our submission, we emphasized the importance of sustainable, top-quality public services supported by strong financial controls.
You can read the full submission here.