Forensic investigation of BC Housing: Results to be released Monday | 24CA News
The B.C. authorities is ready to launch the outcomes of a forensic investigation of BC Housing Monday.
The announcement is anticipated at 11 a.m. It will likely be livestreamed above and on the Global BC Facebook web page.
Premier David Eby and Housing Minister Ravi Kahlon will likely be current for the announcement.
The forensic audit is placing BC Housing’s record-keeping and monetary transactions over the previous seven fiscal years underneath the microscope.
The audit inspecting the Crown company’s decision-making and procedures for funding its housing suppliers has been underway for a while, Eby revealed in November 2022, because the BC Liberals accused him of permitting “mismanagement” to thrive there underneath his watch.
The audit is being performed by Ernst & Young and overseen by B.C.’s Office of the Comptroller General, which is accountable for the general high quality and integrity of the provincial authorities’s monetary administration programs.
A redacted copy of the audit’s phrases of reference, shared with Global News final yr, instructs auditors to conduct a risk-based evaluation of money outflow to “selected housing providers,” and carry out restricted knowledge evaluation on the funds made by BC Housing with a watch for potential fraud dangers.
With the comptroller common’s approval, it authorizes the auditors to interview “any person who, in their professional opinion, could contribute to information related to the issues.” The phrases of reference additionally state information could also be requested from ministries, Crown businesses and sure service suppliers.
Eby mentioned the forensic audit was ordered because of the May 2022 report on BC Housing by Ernst & Young, which made 26 findings and 44 suggestions. That report discovered that the Crown company’s organizational construction had resulted in siloed service supply, that its programs weren’t assembly the wants of “functional areas,” and with 80 to 85 per cent of its providers delivered by means of non-profit suppliers, that its guide oversight course of was restricted.
This story will likely be up to date following the press convention.
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