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Report: AgriInsurance Program Audit

Office of Audit and Evaluation

Executive Summary

As part of Agriculture and Agri-Food Canada's (AAFC) suite of Business Risk Management (BRM) programming, AgriInsurance is a federal-provincial-producer cost-shared program established to mitigate the financial impacts of production losses by providing insurance protection.

The federal role in the AgriInsurance program is primarily comprised of five activity streams:

At AAFC, AgriInsurance is managed within the Programs Branch, Production Insurance and Risk Management Division (PIRMD). The BRM Financial Services and Administrative Unit provides support to PIRMD.

The audit of the AgriInsurance Program was included in AAFC's 2013-2016 Risk-Based Audit Plan.

The audit indicated that effective controls were generally in place to support the administration and monitoring of AgriInsurance payments and appropriate monitoring controls were designed related to program self-sustainability.

A recommendation was made related to reviewing the recipient audit criteria to ensure that they meet future program needs.

1.0 Introduction

1.1 Background

1.2 Audit Objective

1.3 Audit Scope

1.4 Audit Approach

1.5 Conclusion

1.6 Statement of Conformance

2.0 Detailed Observations, Recommendations and Management Responses

2.1 Roles and Responsibilities and Policy Discussions

2.2 Program Database and Electronic Processing System

2.3 Production Insurance Contribution Payments

2.4 Financial Monitoring, Recipient Audit, and Actuarial Certification

2.5 Federal Insurance Fund Management

Annex A: Audit Criteria

  1. An effective monitoring regime is in place for the verification and approval of AgriInsurance program payments to provincial delivery organizations.
  2. The various risks impacting the operation of the AgriInsurance program have been identified and mitigated through appropriate controls, including risks related to payments to producers and the self-sustainability of the program.
  3. PINSS supports complete and accurate information for use in the administration and monitoring of AgriInsurance payments.
  4. The federal governance structure and communications strategy for interfacing with the provinces is adequate.
  5. An adequate system of controls is in place to administer the Federal Crop Reinsurance Fund.
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