Reporting
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* indicates a standard that was added in 2007
AIRs validated after receipt of co-operative's complete AIR, audited financial statements and signed Board Certification: 4 weeks *
The Agency's Annual Information Return provides most of the data for the reports we share with co-ops, so data quality is of the greatest importance.
In the first year, auditors had to file a partial return for the previous year, as well as a full AIR. We had underestimated the staff resources needed to review the first AIR filings, so we brought in extra help and improved our processes.
By autumn 2007 the double-cohort problem was easing and auditors were filing more accurate returns with less support from our AIR Help Desk. By the end of the year, the backlog was all but gone.
A+
Report on risk-assessment: within 5 weeks following validation of an AIR *
In early 2007, a number of risk assessment reports required corrections and were re-issued to co-ops. In tracking our performance against the standard, we used the date the revised report was sent, which resulted in a missed deadline. Co-ops in a very small specialized program required a unique risk assessment report developed especially for their use; they had to wait for their report until this work had been completed. By the second quarter, we were consistently meeting the standard.
A+