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).