VICTORIA – British Columbia’s auditor common says Crown-owned BC Hydro can enhance its management of potential fraud dangers at the $16 billion Site C dam project.
Michael Pickup says an audit discovered the Crown company has some components of fraud management in place for the hydroelectric project however has not established an total program for Site C, which is slated for completion in 2025.
Pickup’s audit says the World Infrastructure Anti-Corruption Centre warns the risk of fraud will increase with the scale and complexity of huge infrastructure tasks, as a result of it turns into more durable to check prices and detect corruption.
The audit didn’t search for or examine doable situations of fraud, however makes 5 suggestions to enhance fraud risk management, together with implementing coverage and investigation procedures, employees coaching, common assessments and evaluating effectiveness.
Pickup says BC Hydro accepted the audit’s suggestions and its board of administrators permitted a fraud risk coverage final January.
Hydro says it has accomplished three separate inner audits of Site C with no main findings, and it common analyzes fee knowledge for potential fraud.
“Enhancing present risk management at Site C with sturdy fraud risk management may strengthen anti-fraud tradition and profit different tasks,” Pickup stated in a press release. “It may additionally assist BC Hydro’s repute as a cautious builder and supplier of hydroelectric vitality.”
Function picture by iStock.com/designer491
