As part of his Audit of the 2024-2025 Consolidated Financial Statements of the Province of Alberta, released in December 2025, the Auditor General also audited 20 post-secondary institutions in Alberta. This report compiles the status of recommendations from the 2025 financial statement audits of these post-secondary institutions. It also includes a report card on each institution's financial reporting processes and internal controls with comparative assessments from our 2024 and 2023 audits.
The Auditor General issued a clean audit opinion on the 2025 financial statements of the 20 post-secondary institutions his office audits.
The Auditor General issued no new recommendations during the year. The report includes four implemented recommendations:
- Lakeland College implemented two recommendations by improving its processes around risk management and monitoring of cloud services.
- Northwestern Polytechnic improved the consistent application of its procurement and contracting processes.
- Olds College implemented processes to regularly reconcile its cash accounts and promptly investigate unreconciling items.
In addition, Olds College continues to improve its financial reporting processes. College management prepared more accurate and timely financial reporting. All other 19 institutions we audit continue to sustain adequate processes to promptly prepare accurate financial statements. We have not identified significant weaknesses in preparing accurate and timely financial reporting at 16 of the institutions over the past three years.
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