(Chapter 11—Special Examinations of Crown Corporations—Spring 2013 Report of the Auditor General)
Ottawa, 30 April 2013—In his Spring 2013 Report tabled today in Parliament, the Auditor General of Canada, Michael Ferguson, includes an overview of the reports from three special examinations of Crown corporations issued since his Spring 2012 report.
A special examination examines the systems and practices of a Crown corporation that are key to providing it with reasonable assurance that its assets are safeguarded and controlled, its resources are managed economically and efficiently, and its operations are carried out effectively. If the examination finds a major weakness that could prevent the corporation from having that assurance, a significant deficiency is reported.
“We did not find any significant deficiencies in the corporations we examined—Farm Credit Canada, Canadian Broadcasting Corporation and Old Port of Montreal Corporation Inc.,” said Mr. Ferguson. “However, we have raised some concerns in the report on the Old Port of Montreal Corporation.”
The Spring 2013 Report provides the main points of the special examination reports, noting that they do not reflect events that may have occurred since the reports were issued. The corporations have to post the full special examination reports on their websites.
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