2019 Fall Report of the Auditor General of Canada to the Parliament of Canada Costs of Crown Corporation Audits

2019 Fall Report of the Auditor General of Canada to the Parliament of Canada Costs of Crown Corporation Audits

The Office of the Auditor General of Canada (OAG) is required, under section 147 of the Financial Administration Act, to disclose its costs incurred in preparing annual audit (Exhibit 1) and special examination reports on Crown corporations. The costs stated for joint audits include only the costs incurred by the OAG and not those incurred by joint auditors.

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

In the 2018–19 fiscal year, the OAG completed the special examination of 9 Crown corporations. The costs incurred are in the following table:

Business Development Bank of Canada (joint audit) $850,687
Canada Council for the Arts $969,494
Canada Development Investment Corporation (joint audit) $505,593
Canada Mortgage and Housing Corporation (joint audit) $851,804
Canada Post Corporation (joint audit) $827,266
Canadian Commercial Corporation $634,191
Marine Atlantic IncorporatedInc. $755,941
National Museum of Science and Technology $743,133
Standards Council of Canada $772,124

Exhibit 1—Cost of preparing annual audit reports for fiscal years ending on or before 31 March 2019

Cost of preparing annual audit reports for fiscal years ending on or before 31 March 2019
Crown corporation Fiscal year ended Cost ($)
Atlantic Pilotage Authority 31.12.18 168,476
Atomic Energy of Canada Limited 31.03.19 688,337
Business Development Bank of Canada (joint audit) 31.03.19 654,522
Canada Council for the Arts 31.03.19 248,930
Canada Deposit Insurance Corporation 31.03.19 255,764
Canada Development Investment Corporation (joint audit) 31.12.18 426,160
Canada Hibernia Holding Corporation (joint audit) 31.12.18 210,788
Canada Infrastructure Bank 31.03.19 374,860
Canada Lands Company Limited 31.03.19 657,694
Canada Mortgage and Housing Corporation (joint audit) 31.12.18 903,865
Canada Post Corporation (joint audit) 31.12.18 932,216
Canadian Air Transport Security Authority 31.03.19 460,502
Canadian Broadcasting Corporation 31.03.19 1,386,461
Canadian Commercial Corporation 31.03.19 589,641
Canadian Dairy Commission 31.07.18 241,612
Canadian Museum for Human Rights 31.03.19 219,720
Canadian Museum of History 31.03.19 212,512
Canadian Museum of Immigration at Pier 21 31.03.19 126,536
Canadian Museum of Nature 31.03.19 297,166
Canadian Race Relations Foundation 31.03.19 185,082
Canadian Tourism Commission 31.12.18 293,401
Defence Construction (1951) Limited 31.03.19 207,818
Export Development Canada 31.12.18 1,460,068
Farm Credit Canada 31.03.19 969,212
Federal Bridge Corporation Limited, The 31.03.19 413,208
Freshwater Fish Marketing Corporation 30.04.18 400,575
Great Lakes Pilotage Authority 31.12.18 216,947
International Development Research Centre 31.03.19 216,521
Jacques Cartier and Champlain Bridges Incorporated, The 31.03.19 353,875
Laurentian Pilotage Authority 31.12.18 159,391
Marine Atlantic IncorporatedInc. 31.03.19 420,594
National Arts Centre Corporation 31.08.18 581,645
National Capital Commission 31.03.19 687,095
National Gallery of Canada 31.03.19 135,860
National Museum of Science and Technology 31.03.19 86,235
Pacific Pilotage Authority 31.12.18 202,332
Public Sector Pension Investment Board (joint audit) 31.03.19 852,253
Ridley Terminals IncorporatedInc. 31.12.18 404,764
Royal Canadian Mint 31.12.18 1,070,992
Seaway International Bridge Corporation, LimitedLtd., The 31.03.19 148,090
Standards Council of Canada 31.03.19 215,374
Telefilm Canada 31.03.19 291,386
Trans Mountain Corporation (joint audit) 31.12.18 851,980
VIA Rail Canada IncorporatedInc. 31.12.18 931,918
Windsor-Detroit Bridge Authority 31.03.19 632,508