Special Examination Report—Canadian Commercial Corporation
At a Glance Special Examination Report—Canadian Commercial Corporation
What we examined (see Focus of the audit)
The Canadian Commercial Corporation is a federal Crown corporation that connects Canadian exporters to global government procurement markets and foreign government buyers. The Corporation reports to Parliament through the Minister of International Trade Diversification. As the Government of Canada’s international contracting agency, the Corporation facilitates government-to-government contracting. The Corporation also helps federal organizations procure goods and services so that the organizations can deliver their programs in other countries. The Corporation charges fees for its services with the exception of sales to the United StatesUS Department of Defense under the Canada–US Defence Production Sharing Agreement.
Our objective for this audit was to determine whether the systems and practices we selected for examination at the Canadian Commercial Corporation were providing it with reasonable assurance that its assets were safeguarded and controlled, its resources were managed economically and efficiently, and its operations were carried out effectively as required by section 138 of the Financial Administration Act.
Overall message
Overall, we found no significant deficiencies in the Canadian Commercial Corporation’s systems and practices. We found that the Corporation had well-managed systems and practices for both corporate management and operations; however, we noted areas that could be improved. These areas related to establishing systematic processes at the business unit level for planning operations and identifying risks. Furthermore, we found that the Corporation’s due diligence processes for transactions did not adequately consider human rights issues.
What we found about …
Corporate management practices
Management of operations
Entity Responses to Recommendations
The Corporation agrees with our recommendations and has responded (see List of Recommendations).
Related information
| Report of the | Auditor General of Canada |
|---|---|
| Type of product | Special Examination |
| Topics | |
| Entities | |
| Completion date | 12 December 2018 |
| Tabling date | 8 July 2020 |
For more information
Media Relations
Telephone: 1-888-761-5953
E-mail: infomedia@oag-bvg.gc.ca
