Special Examination—National Capital Commission—National Capital Commission releases its special examination report
Special Examination—National Capital CommissionNational Capital Commission releases its special examination report
Ottawa, 24 August 2017—The National Capital Commission has made public the report of the special examination completed by the Office of the Auditor General of Canada. The special examination covered selected systems and practices that were in place between 1 February 2016 and 31 December 2016. Under the Financial Administration Act, federal Crown corporations are subject to a special examination by the Auditor General at least every 10 years.
Overall, we found a significant deficiency in the Corporation’s asset maintenance. More than one quarter of its assets were in fair, poor, or critical condition, and there was an estimated shortfall in the resources required to restore them and maintain all of its assets. Despite this, we found that the corporation had good systems and practices in other operational areas as well as good corporate management practices.
This special examination report will be included in the Reports of the Auditor General of Canada to be presented to Parliament in Fall 2017.
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A special examination examines the systems and practices of a Crown corporation that are key to providing it with reasonable assurance that its assets are safeguarded and controlled, its resources are managed economically and efficiently, and its operations are carried out effectively. Special examination reports are therefore a source of important information that parliamentarians can use to hold Crown corporations to account.
The link to a portable document format (PDF) fileSpecial Examination report is available on the Crown Corporation’s website.
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