6 Non-Technical Ways to Unlock the Value of Data Analytics
Auditors have been using data analytics in one way or another for over a decade, and yet most struggle to maximize the value this tool can offer. This Audit Tips edition suggests six non-technical actions that auditors can take to improve the value they can obtain from using data analytics tools in their work.
Establishing an Independent Auditor General for the City of Vancouver
On October 2, 2019, Vancouver’s City Council took an important step and decided to establish an independent Auditor General for the City of Vancouver based on “best practices, insights and experience observed in other major Canadian cities that have municipal Auditors General.” To put this in action, they created an informal working group and engaged the CAAF to produce a report containing recommendations on how to create the Office.
The final report, Establishing an Independent Auditor General for the City of Vancouver, includes:
guiding principles for the creation of an independent auditor general;
building blocks, pathway and key recommendations;
guidance and recommendations on creating an audit committee of Council; and
good practices to ensure the audit committee operates effectively.
Working with the informal working group of Council, CAAF developed this report in spring 2020. President and CEO John Reed presented the report to Vancouver Council on July 22, 2020. Subsequently, in accordance with CAAF recommendations, the Council passed a motion to develop a new by-law creating an independent auditor general.
