Data Form A2 - Regional Internal Audit

The Regional Internal Audit Team (RIAT) Component (Section 7D, item 1) is provided to the eight RIAT host school boards, and restricted to fund the staffing and non-staffing expenses related to the internal audit initiative.

Data Form A2 requires RIAT host school boards to input the following:

• Item 2 (Internal Audit - FTE): Input the FTE of staff employed by the host school board’s regional internal audit team.

• Items 3.1 to 3.8: Input the salary, benefits, labour provision (if applicable), travelling, third party consulting services, staff development, administration, and other expenses related to internal audit. The total is calculated at item 3.

• Item 4 (Enveloping Net Strike Savings): Input any net strike savings that are attributable to the RIAT. These savings will increase the net incremental expenses for enveloping purposes.

Item 5 calculates the transfer to revenue as the lesser of available deferred revenue (item 1) and expenses plus net strike savings (items 3 + 4). This value is loaded to Schedule 5.1, item 1.8, column 6. The closing deferred revenue, if any, is calculated at item 6.