2011 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 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. 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 2010–11, the Office completed the special examination of four Crown corporations. The costs incurred are in the following table:

Canadian Dairy Commission $679,967
Freshwater Fish Marketing Corporation $767,781
National Arts Centre Corporation $822,932
Telefilm Canada $732,825

Exhibit D.1—Cost of preparing annual audit reports for fiscal years ending on or before 31 March 2011

Crown corporation Fiscal year ended Cost ($)
Atlantic Pilotage Authority 31.12.10 109,491
Atomic Energy of Canada Limited (joint audit) 31.03.11 488,501
Blue Water Bridge Authority 31.08.10 149,968
Business Development Bank of Canada (joint audit) 31.03.11 522,676
Canada Council for the Arts 31.03.11 249,403
Canada Deposit Insurance Corporation 31.03.11 189,459
Canada Development Investment Corporation (joint audit) 31.12.10 169,192
Canada Employment Insurance Financing Board 31.03.11 88,470
Canada Hibernia Holding Corporation (joint audit) 31.12.10 93,978
Canada Lands Company Limited 31.03.11 850,788
Canada Mortgage and Housing Corporation (joint audit) 31.12.10 522,749
Canada Post Corporation (joint audit) 31.12.10 705,872
Canadian Air Transport Security Authority 31.03.11 490,106
Canadian Broadcasting Corporation 31.03.11 904,937
Canadian Commercial Corporation 31.03.11 228,103
Canadian Dairy Commission 31.07.10 238,668
Canadian Museum for Human Rights 31.03.11 154,277
Canadian Museum of Civilization 31.03.11 142,013
Canadian Museum of Immigration at Pier 21 31.03.11 185,605
Canadian Museum of Nature 31.03.11 146,668
Canadian Race Relations Foundation 31.03.11 154,375
Canadian Tourism Commission 31.12.10 364,452
Defence Construction (1951) Limited 31.03.11 147,755
Enterprise Cape Breton Corporation 31.03.11 393,428
Export Development Canada 31.12.10 1,032,923
Farm Credit Canada 31.03.11 769,743
Federal Bridge Corporation Limited, The 31.03.11 155,685
First Nations Statistical Institute* N/A N/A
Freshwater Fish Marketing Corporation 30.04.10 235,715
Great Lakes Pilotage Authority 31.12.10 157,376
International Development Research Centre 31.03.11 207,368
Jacques Cartier and Champlain Bridges Incorporated, The 31.03.11 197,620
Laurentian Pilotage Authority 31.12.10 108,625
Marine Atlantic Inc. 31.03.11 403,298
National Arts Centre Corporation 31.08.10 319,691
National Capital Commission 31.03.11 328,395
National Gallery of Canada 31.03.11 226,671
National Museum of Science and Technology 31.03.11 173,013
Old Port of Montréal Corporation Inc. 31.03.11 231,738
Pacific Pilotage Authority 31.12.10 95,264
Parc Downsview Park Inc. 31.03.11 216,717
Public Sector Pension Investment Board (joint audit) 31.03.11 475,661
PPP Canada Inc. (joint audit) 31.03.11 115,682
Ridley Terminals Inc. 31.12.10 255,220
Royal Canadian Mint 31.12.10 662,113
Seaway International Bridge Corporation Ltd., The 31.03.11 96,775
Standards Council of Canada 31.03.11 105,310
Telefilm Canada 31.03.11 227,637
VIA Rail Canada Inc. 31.12.10 814,050
*The First Nations Statistical Institute’s annual audit report for the fiscal year ended 31 March 2011 has not been started due to entity delays in completing the reports for the fiscal years ended 31 March 2008, 2009, and 2010.