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:

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