Audits are required when the Commissioner specifies.
Between 2008 and 2010, the OFC required all regulatory bodies subject to the fair-access legislation to undergo an audit of their registration practices. To date, this is the only time that audits have been used. The purpose of these initial baseline audits was three-fold:
In 2013, in the spirit of continuous improvement, the OFC recognized that it needed to review its approach.
OFC staff members conducted extensive research and consulted with regulators, auditors, drafters of the fair-access legislation, the Ontario Internal Audit Division of the Treasury Board Secretariat, and experts in other provinces. This exercise yielded important findings.
As a result, the OFC now takes a more targeted approach, focusing on particular concerns that have already been identified and cannot be resolved in other ways.
Specifically, the OFC will require an audit on a case-by-case basis, when all of the following conditions are present:
The OFC’s audit guidelines document, Audits of Registration Practices: Guidelines for Ontario’s Regulatory Bodies, is an important resource. Based on the law, the guidelines identify the scope, standards and conditions for an audit and detail the eligibility criteria used in developing the roster of auditors.
The OFC has authorized the following firms to conduct audits of registration practices: