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Standards of Practice

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  1. Standard 1: Family Centered Approaches
    3 Topics
  2. Standard 2: Family Support, Education and Referrals
    6 Topics
  3. Standard 3: Encourage Family Connection through Child-Led Play
    4 Topics
  4. Standard 4: Cultural Competency and Cultural Safety
    5 Topics
  5. Standard 5: Professional and Ethical Conduct
    5 Topics
  6. Standard 6: Early Learning and Play-Based Programming
    3 Topics
  7. Standard 7: Evaluation & Quality Improvement
    4 Topics
  8. Standard 8: Design, Function, Safety and Hygiene of Physical Environment
    7 Topics
  9. Standard 9: Partnerships and Collaboration
    5 Topics
  10. Standard 10: Governance
    4 Topics
  11. Standard 11: Planning, Administration and Information Management
    5 Topics
  12. Standard 12: Finance and Risk Management
    5 Topics
  13. Standard 13: Human Resources
    5 Topics

Participants4

Standards of Practice Standard 12: Finance and Risk Management 12.3 Documentation & Audit
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Lesson 12, Topic 3
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12.3 Documentation & Audit

John May 11, 2020
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Description

FRP or host agency maintains written fiscal policies and procedures including internal control practices and may engage an external auditor or reviewer annually.

Benchmark Quality Indicators

  • FRP or host agency maintains written fiscal policies and procedures including internal control practices.

Innovation and Promising Practices

  • FRP or host agency conducts an annual financial audit or review, employing an independent chartered accountant.
  • If an audit or review generates recommendations, the FRP or host agency corrects material matters or documents reasons why the material matters will not be corrected.
  • FRP or host agency, with their auditors,  prepare a user friendly version of the annual audit to make publicly available.
  • Twice per year the FRP or host agency board or a board committee receives confirmation that CRA remittances were made.