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2006 November Report of the Auditor General of Canada

November 2006 Report

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 its costs incurred in preparing annual audit and special examination reports on Crown corporations.

An annual 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. See Exhibit D.1 for the costs incurred.

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 2005–06, the Office completed the special examination of eleven Crown corporations. The costs incurred were:

Canadian Broadcasting Corporation

$1,807,052

Canadian Dairy Commission

$514,653

Canadian Museum of Civilization Corporation

$878,522

Canadian Tourism Commission

$773,000

Cape Breton Growth Fund Corporation

$294,188

Laurentian Pilotage Authority

$389,070

National Gallery of Canada

$563,404

Old Port of Montreal Corporation Inc.

$637,540

Queens Quay West Land Corporation

$99,254

Ridley Terminals Inc.

$377,957

Royal Canadian Mint

$617,591

Exhibit D.1

Cost of preparing annual audit reports for fiscal years ending on or before 31 March 2006

Crown corporation

Fiscal year ended

Cost

Atlantic Pilotage Authority

31.12.05

$ 83,081

Atomic Energy of Canada Limited (joint auditor)

31.03.06

359,030*

Blue Water Bridge Authority

31.08.05

87,921

Business Development Bank of Canada (joint auditor)

31.03.06

498,529*

Canada Council for the Arts

31.03.06

151,262*

Canada Deposit Insurance Corporation

31.03.06

140,052*

Canada Development Investment Corporation (joint auditor)

31.12.05

99,037*

Canada Lands Company Limited (joint auditor)

31.03.06

230,647*

Canada Mortgage and Housing Corporation (joint auditor)

31.12.05

567,877*

Canadian Air Transport Security Authority

31.03.06

399,550*

Canadian Broadcasting Corporation

31.03.06

789,656*

Canadian Commercial Corporation

31.03.06

194,667*

Canadian Dairy Commission

31.07.05

106,660

Canadian Museum of Civilization

31.03.06

158,124*

Canadian Museum of Nature

31.03.06

127,546*

Canadian Tourism Commission

31.12.05

239,707*

Cape Breton Development Corporation

31.03.06

104,045*

Cape Breton Growth Fund Corporation

31.03.06

92,371*

Defence Construction (1951) Limited

31.03.06

57,386*

Enterprise Cape Breton Corporation

31.03.06

105,072*

Export Development Canada

31.12.05

930,631*

Farm Credit Canada

31.03.06

503,155*

Federal Bridge Corporation Limited, The

31.03.06

58,838*

Freshwater Fish Marketing Corporation

30.04.05

207,922

Great Lakes Pilotage Authority

31.12.05

121,160*

International Development Research Centre

31.03.06

140,312*

Jacques Cartier and Champlain Bridges Incorporated, The

31.03.06

96,769*

Laurentian Pilotage Authority

31.12.05

144,556*

Marine Atlantic Inc.

31.12.05

197,887

National Arts Centre

31.08.05

165,152

National Capital Commission

31.03.06

207,698*

National Gallery of Canada

31.03.06

118,053*

National Museum of Science and Technology

31.03.06

112,591*

Old Port of Montréal Corporation Inc.

31.03.06

206,383*

Pacific Pilotage Authority

31.12.05

50,689

Parc Downsview Park Inc.

31.03.06

105,455*

Queens Quay West Land Corporation

31.03.06

33,755*

Ridley Terminals Inc.

31.12.05

92,240*

Royal Canadian Mint

31.12.05

404,660

Seaway International Bridge Corporation Limited, The

31.03.06

57,486*

Standards Council of Canada

31.03.06

53,223*

Telefilm Canada

31.03.06

196,393*

VIA Rail Canada Inc. (joint auditor)

31.12.05

352,958*

*Preliminary costs subject to year-end adjustments