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Risk-Based Audit Frameworks (RBAFs) are a mandatory requirement
of the Canadian federal government Policy on Transfer Payments
(PTP). The PTP stipulates that all transfer payments should
be managed in a manner "sensitive to risk." The
RBAF is designed to assist managers in integrating risks in
their program planning, monitoring and auditing practices.
WC’s leadership in the development of RBAFs stems from
a solid background in risk management and audit. Moreover,
our team played a significant role in developing the Treasury
Board of Canada, Secretariat’s official RBAF guide. WC’s
RBAF services include:
- RBAF Risk Assessment and management summaries;
- Facilitation of workshops and preparation of all RBAF
components required by TBS
- Integration of risk concepts and strategies into Results-Based
Management Accountability Frameworks; and
- Training in the development of Risk-Based
Audit Frameworks (RBAFs).
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