2009 Fall 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 its costs incurred in preparing annual audit (Exhibit D.1) and special examination reports on Crown corporations.

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.

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 2008–09, the Office completed the special examination of eight Crown corporations. The costs incurred are in the following table:

Canada Council for the Arts $757,009
Canada Development Investment Corporation (joint auditor) $328,707
Canada Mortgage and Housing Corporation (joint auditor) $807,924
Defence Construction (1951) Limited $461,995
Federal Bridge Corporation Limited, The $798,768
Pacific Pilotage Authority $214,687
Parc Downsview Park Inc. $459,381
VIA Rail Canada Inc. $1,247,055

Exhibit D.1—Cost of preparing annual audit reports for fiscal years ending on or before 31 March 2009

Crown corporation Fiscal year ended Cost*
Atlantic Pilotage Authority 31.12.08 $94,327
Atomic Energy of Canada Limited (joint auditor) 31.03.09 392,155
Blue Water Bridge Authority 31.08.08 161,242
Business Development Bank of Canada (joint auditor) 31.03.09 392,235
Canada Council for the Arts 31.03.09 181,059
Canada Deposit Insurance Corporation 31.03.09 138,946
Canada Development Investment Corporation (joint auditor) 31.12.08 103,166
Canada Hibernia Holding Corporation 31.12.08 95,970
Canada Lands Company Limited (joint auditor) 31.03.09 308,150
Canada Mortgage and Housing Corporation (joint auditor) 31.12.08 676,241
Canada Post Corporation (joint auditor) 31.12.08 709,329
Canadian Air Transport Security Authority 31.03.09 502,045
Canadian Broadcasting Corporation 31.03.09 839,974
Canadian Commercial Corporation 31.03.09 217,085
Canadian Dairy Commission 31.07.08 261,573
Canadian Museum for Human Rights 31.03.09 141,345
Canadian Museum of Civilization 31.03.09 184,635
Canadian Museum of Nature 31.03.09 132,091
Canadian Race Relations Foundation 31.03.09 136,945
Canadian Tourism Commission 31.12.08 312,802
Cape Breton Development Corporation 31.03.09 108,001
Defence Construction (1951) Limited 31.03.09 79,775
Enterprise Cape Breton Corporation 31.03.09 138,277
Export Development Canada 31.12.08 1,137,411
Farm Credit Canada 31.03.09 744,456
Federal Bridge Corporation Limited, The 31.03.09 97,879
First Nations Statistical Institute 31.03.09 27,917**
Freshwater Fish Marketing Corporation 30.04.08 264,494
Great Lakes Pilotage Authority 31.12.08 127,700
International Development Research Centre 31.03.09 190,483
Jacques Cartier and Champlain Bridges Incorporated, The 31.03.09 110,153
Laurentian Pilotage Authority 31.12.08 116,528
Marine Atlantic Inc. 31.03.09 203,960
National Arts Centre Corporation 31.08.08 312,585
National Capital Commission 31.03.09 269,337
National Gallery of Canada 31.03.09 158,893
National Museum of Science and Technology 31.03.09 128,189
Old Port of Montréal Corporation Inc. 31.03.09 164,819
Pacific Pilotage Authority 31.12.08 74,846
Parc Downsview Park Inc. 31.03.09 156,555
Public Sector Pension Investment Board (joint auditor) 31.03.09 526,492
Public-Private Partnerships Canada Inc. (joint auditor) 31.03.09 85,856
Ridley Terminals Inc. 31.12.08 207,687
Royal Canadian Mint 31.12.08 662,909
Seaway International Bridge Corporation Ltd., The 31.03.09 83,855
Standards Council of Canada 31.03.09 73,749
Telefilm Canada 31.03.09 180,231
VIA Rail Canada Inc. 31.12.08 676,423

* Audit costs are preliminary and subject to year-end adjustments

** New audit client, audit not yet complete.