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2005 November Report of the Auditor General of Canada
Appendix D—Costs of Crown corporation audits conducted by the Office of the Auditor General of Canada
The Office is required under section 147 of the Financial Administration Act to disclose the cost of preparing audit reports on all Crown corporations (Exhibit D.1) other than those exempted under section 85 of the Act. An audit report includes an opinion on a corporation's financial statements and on its compliance with specified authorities. It may also include reporting on any other matter deemed significant.
The Office is required by section 68 of the Broadcasting Act to report the cost of any audit report on the Canadian Broadcasting Corporation. For the fiscal year ended 31 March 2005, the full cost of the annual audit report was $722,413.
In 2004–05, the Office completed the special examination of nine Crown corporations.
A special examination determines whether a corporation's financial and management control and information systems and its management practices provide reasonable assurance that
- assets have been safeguarded and controlled;
- financial, human, and physical resources have been managed economically and efficiently; and
- operations have been carried out effectively.
In 2004–05, the Office completed the special examination of nine Crown corporations. The costs were
|
Canada Deposit Insurance Corporation |
$289,693 |
|
Canada Science and Technology Museum Corporation |
$612,346 |
|
Canadian Commercial Corporation |
$422,243 |
|
Enterprise Cape Breton Corporation |
$348,321 |
|
Export Development Canada |
$826,951 |
|
Business Development Bank of Canada |
$939,660 |
|
Freshwater Fish Marketing Corporation |
$368,145 |
|
Marine Atlantic |
$594,181 |
|
Standards Council of Canada |
$392,961 |
Exhibit D.1
Cost of preparing annual audit reports for fiscal years ending on or before 31 March 2005
|
Crown corporation |
Fiscal year ended |
Cost |
|---|---|---|
|
Atlantic Pilotage Authority |
31.12.04 |
$ 60,298 |
|
Atomic Energy of Canada Limited (joint auditor) |
31.03.05 |
348,727* |
|
Blue Water Bridge Authority |
31.08.04 |
62,290 |
|
Business Development Bank of Canada (joint auditor) |
31.03.05 |
369,792* |
|
Canada Deposit Insurance Corporation |
31.03.05 |
94,660* |
|
Canada Development Investment Corporation (joint auditor) |
31.12.04 |
90,433 |
|
Canada Lands Company Limited (joint auditor) |
31.03.05 |
208,858* |
|
Canada Mortgage and Housing Corporation (joint auditor) |
31.12.04 |
357,523 |
|
Canada Science and Technology Museum Corporation |
31.03.05 |
105,034* |
|
Canadian Air Transport Security Authority |
31.03.05 |
339,067* |
|
Canadian Commercial Corporation |
31.03.05 |
145,282* |
|
Canadian Dairy Commission |
31.07.04 |
125,961 |
|
Canadian Museum of Civilization Corporation |
31.03.05 |
125,796* |
|
Canadian Museum of Nature |
31.03.05 |
96,646* |
|
Canadian Tourism Commission |
31.12.04 |
240,535 |
|
Cape Breton Development Corporation |
31.03.05 |
81,580* |
|
Cape Breton Growth Fund Corporation |
31.03.05 |
45,725* |
|
Defence Construction Canada |
31.03.05 |
67,452* |
|
Enterprise Cape Breton Corporation |
31.03.05 |
101,617* |
|
Export Development Canada |
31.12.04 |
689,212 |
|
Farm Credit Canada |
31.03.05 |
417,360* |
|
Freshwater Fish Marketing Corporation |
30.04.04 |
153,918 |
|
Great Lakes Pilotage Authority |
31.12.04 |
117,618 |
|
Laurentian Pilotage Authority Canada |
31.12.04 |
108,675 |
|
Marine Atlantic |
31.12.04 |
186,808 |
|
National Capital Commission |
31.03.05 |
243,333* |
|
National Gallery of Canada |
31.03.05 |
108,649* |
|
Old Port of Montréal Corporation Inc. |
31.03.05 |
183,864* |
|
Pacific Pilotage Authority Canada |
31.12.04 |
47,455 |
|
Parc Downsview Park Inc. |
31.03.05 |
127,844* |
|
Queens Quay West Land Corporation |
31.03.05 |
39,448* |
|
Ridley Terminals Inc. |
31.12.04 |
100,818 |
|
Royal Canadian Mint |
31.12.04 |
403,300 |
|
Standards Council of Canada |
31.03.05 |
55,333* |
|
Telefilm Canada |
31.03.05 |
90,542* |
|
The Federal Bridge Corporation Limited |
31.03.05 |
43,916* |
|
The Jacques Cartier and Champlain Bridges Incorporated |
31.03.05 |
82,298* |
|
The Seaway International Bridge Corporation Limited |
31.12.04 |
59,532 |
|
VIA Rail Canada Inc. (joint auditor) |
31.12.04 |
347,088 |
*Preliminary costs subject to year-end adjustments