Ottawa, 20 April 2010—In her Report tabled today in the House of Commons, the Auditor General of Canada, Sheila Fraser, includes an overview of reports on special examinations of 11 Crown corporations that were issued throughout 2009. The chapter provides the main points of the reports, noting that they do not reflect events that may have occurred since the reports were issued. The full reports are available on the corporations’ web sites.
“In three of the corporations we found one or more significant deficiencies, which we brought to the attention of the appropriate ministers,” said Ms. Fraser. “The three corporations were Canada Post, Canada Science and Technology Museum, and Marine Atlantic Inc.”
A significant deficiency is a major weakness in a corporation’s key systems and practices that prevents it from having reasonable assurance that its assets are safeguarded and controlled; its resources are managed economically and efficiently; and its operations are carried out effectively.
The corporations where no significant deficiencies were noted were Business Development Bank of Canada, Canada Development Investment Corporation, Canada Mortgage and Housing Corporation, Canadian Commercial Corporation, Enterprise Cape Breton, Export Development Canada, National Gallery of Canada, and Standards Council of Canada.
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The chapter “Special Examinations of Crown Corporations—2009” is available on the Office of the Auditor General of Canada website.
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