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Auditors to check 2010 Winter Olympics books

A report says the Department of Canadian Heritage is hiring an auditor to check over the books of the Vancouver Olympics Organizing Committee (VANOC).

The report on CBC Radio says a call for tenders was issued to provide the federal department with assurances about VANOC management's preparations for the 2010 Winter Olympics.

The report says the audit will check management controls, risk-management frameworks and the overall governance structure.

VANOC spokeswoman Renee Smith-Valade denies it shows a lack of confidence, saying it would be ``good information'' for taxpayers about how their money is being spent.

The federal government recently chipped in another $55 million towards Games venue construction, with a warning that it would be the last contribution.

VANOC had earlier agreed to release quarterly financial reports about Games expenditures.


© The Canadian Press, 2007

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End: Auditors to check 2010 Winter Olympics books
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