Consistent with good management practices, DFO carries out audit, evaluation and risk management functions in accordance with Treasury Board policies and standards. Reports are submitted to senior management on a wide range of issues. For audit reports and evaluation reports, Management action plans are developed to address recommendations outlined in the reports. Both the report and the Management Action Plan are approved by the Departmental Audit Committee (for audits) and the Departmental Evaluation Committee (for evaluations). Updates on progress against Management Action Plans are presented to the Committees to ensure that actions are being completed in a satisfactory and timely manner.