Veterans Affairs Canada Audit of Petty Cash - October 2015 The Accountable Advances Regulations (AAR) permit departments to establish petty cash funds to assist in meeting specific operational needs. Each petty cash fund can be set up to a maximum of $2,000; individual transactions shall not exceed $200. Veterans Affairs Canada (VAC) currently has 78 petty cash funds in place. The Treasury Board Secretariat (TBS) Directive on Accountable Advances states that the petty cash funds should only be used when it is more cost-effective than using acquisition cards or staff travel cards. The objectives of this audit were to assess the management control framework and to assess compliance with the Accountable Advances Regulations and the Treasury Board Secretariat Directive on Accountable Advances. 2015-10-31 2019-01-05 Veterans Affairs Canada vac.opengovernment-gouvernementouvert.acc@canada.ca Government and PoliticsVeterans Affairs CanadaVACInternal AuditingEvaluationPetty cashFinance Audit of Petty Cash - October 2015HTML http://www.veterans.gc.ca/eng/about-us/reports/departmental-audit-evaluation/2015-audit-petty-cash Audit of Petty Cash - October 2015HTML http://www.veterans.gc.ca/fra/about-us/reports/departmental-audit-evaluation/2015-audit-petty-cash Audit of Petty Cash - October 2015PDF http://www.veterans.gc.ca/pdf/deptReports/2015-audit-petty-cash-rev_f.pdf Audit of Petty Cash - October 2015PDF http://www.veterans.gc.ca/pdf/deptReports/2015-audit-petty-cash-rev.pdf

Veterans Affairs Canada Audit of Petty Cash - October 2015

The Accountable Advances Regulations (AAR) permit departments to establish petty cash funds to assist in meeting specific operational needs. Each petty cash fund can be set up to a maximum of $2,000; individual transactions shall not exceed $200. Veterans Affairs Canada (VAC) currently has 78 petty cash funds in place. The Treasury Board Secretariat (TBS) Directive on Accountable Advances states that the petty cash funds should only be used when it is more cost-effective than using acquisition cards or staff travel cards.

The objectives of this audit were to assess the management control framework and to assess compliance with the Accountable Advances Regulations and the Treasury Board Secretariat Directive on Accountable Advances.

Resources

Resource Name Resource Type Format Language Links
Audit of Petty Cash - October 2015 Assessment - Audit HTML English Access
Audit of Petty Cash - October 2015 Assessment - Audit HTML French Access
Audit of Petty Cash - October 2015 Assessment - Audit PDF French Access
Audit of Petty Cash - October 2015 Assessment - Audit PDF English Access