Audit and evaluation are important governance and accountability tools for any public or private sector organization. BMCI has extensive experience and multi-disciplinary expertise providing public and private sector clients in Canada and internationally with professional audit and evaluation services and products.

Expertise includes: members of internationally recognized professional accounting associations; in-depth knowledge of international accounting and auditing standards; recognized audit and evaluation training experts; and audit and evaluation competencies including at the most senior management levels on national and international issues including international development.

Audit Services and Products:

Audit Services include:

• Internal auditing;
• Forensic auditing;
• Recipient (contribution) auditing;
• Compliance auditing;
• Procurement auditing;
• Continuous auditing;
• Assessment of internal control systems (financial, management, technology);
• Information Technology (IT) auditing;
• Value-for-money auditing;
• Quality assurance including practice inspections and audit report assessments. (For example, public sector organizations hire professional auditors to review the quality of individual audit reports to determine whether they meet the IIA and government standards.);
• Internal audit support, including coaching, developing audit tools, risk management and human resource plans and strategies; and,
• Post-audit implementation support of audit recommendations.

Audit Products include: corporate audit plans; terms of reference for individual audits; pre-audit assessments (for auditability); audit frameworks; audit reports; financial management framework, compliance with regulations, policies, directives and procedures; and advice on e.g. appropriate remedial actions.

In an internal auditing assurance engagement, BMCI objectively examines the evidence to provide an independent assessment to ensure that the client's organization, sector and project's operations are carried out in accordance with sound financial management practices; and that client financial management systems and processes are functioning appropriately. BMCI performs analytical work on governance, financial management and accountability issues and conducts capacity building activities.

BMCI provides strong project supervision, assesses the financial and operational viability of implementing entities, advice on the design and use of financial performance tools, and technical advice to organizations on the implementation status of remedial actions.

BMCI conducts internal audit assurance engagements on behalf of internal audit groups in both the public and private sectors.

BMCI conducts its audit engagements in compliance with the International Standards for the Professional Practice of Internal Auditing as promulgated by the Institute of Internal Auditors (IIA).

Evaluation Services and Products:

Evaluation services involve the systematic collection and analysis of evidence on the outcomes of programs to enable decision makers to make judgments about their relevance, performance and alternative ways to deliver them to achieve expected results.

Evaluation provides decision makers with an evidence-based, neutral assessment of the value for money i.e. relevance and performance of programs. Evaluation supports accountability for results achieved with resources invested by programs; informs decisions on resource allocation and reallocation; supports managing for results; and supports program improvements by identifying lessons learned, best practices and alternate ways of doing business.

Evaluation products include: corporate evaluation plans; terms of reference for individual evaluations; evaluability assessments; evaluation frameworks; formative and summative evaluations and evaluation reports; and advice.

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