Compliance monitoring

Corporate Compliance and Controls Monitoring Branch (3CMB) provides comprehensive risk-based monitoring of compliance with core policy, central directives, orders, and regulations. Compliance activity results are reported to ministries and central agencies to promote prudent financial management and support government to achieve better program outcomes.

The compliance and monitoring function is a crucial component of the Province’s financial management and internal control framework. It is a mechanism to identify and manage financial risks to support stakeholders achieve their objectives. 3CMB does this by:

• Monitoring and reporting on compliance of government transactions
• Recommending improvements to government policy, practices, training, and systems
• Identifying risks and supporting stakeholders to strengthen their financial management and internal control practices
• Providing custom transaction monitoring and reporting to mitigate unique or emerging risks
• Reducing the cost of internal controls by implementing a risk-based monitoring approach

Compliance monitoring and progress reports

The annual Compliance Monitoring and Progress Reports are intended for stakeholders with financial management monitoring, oversight, or governance roles and responsibilities. They demonstrate the Province’s commitment to evaluate and report on financial management and internal controls as a requirement under the Financial Administration Act. They also establish benchmarking and promote broader engagement of governance processes while supporting government's accountability and the public trust.

• Compliance Monitoring and Progress Report 2023 (PDF) 
• Compliance Monitoring and Progress Report 2022 (PDF)
• Compliance Monitoring and Progress Report 2021 (PDF)