It is expected that both will be finalized for fiscal year 2001-2002. As stipulated in the report, the internal audit covers the first two quarters of implementation of the post-payment audit framework. This new framework being in a period of transition, some adjustments were required. On the basis of the lessons learned during the pilot phase, a review of the criteria to identify critical and non-critical errors has been performed. The criteria and the definitions of critical and non-critical errors have been revised and adjusted where appropriate.
Finance is now in the process of updating the internal procedures.
The selected transactions excluded from our sample plan are presently approved by a financial officer. Criteria for excluding transactions have already been clearly established and documented. It is expected that the review will be completed by the end of the first quarter of fiscal year 2000-2001. Measures are taken to ensure that financial subsystems transmit all financial information to central systems. This recommendation refers to the insufficient level of assurance that all commitments are transferred from a particular subsystem to our financial system.