Audit of the Automotive Innovation Fund Program — Phase II

December 2011

Recommended for Approval to the Deputy Minister by the
Departmental Audit Committee on January 26, 2012

Approved by the Deputy Minister on February 1, 2012

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Table of Contents

• 1.0 Executive Summary
  • 1.1 Introduction
  • 1.2 Audit Overview
  • 1.3 Main Observations
  • 1.4 Audit Opinion
  • 1.5 Statement of Assurance
• 2.0 About the Audit
  • 2.1 Background
  • 2.2 Audit Context
  • 2.3 Audit Objective
  • 2.4 Audit Scope
  • 2.5 Audit Criteria
  • 2.6 Audit Methodology
• 3.0 Observations
  • 3.1 Introduction
  • 3.2 Claims Processing
  • 3.3 Monitoring and Reporting
• 4.0 Overall Conclusion
• Appendix A: Audit Criteria