Standards Council of Canada releases its audit report

Standards Council of Canada releases its audit report

Ottawa, 22 May 2019—The Standards Council of Canada has made public the results of an audit conducted by the Office of the Auditor General of Canada. The audit covered the Corporation’s systems and practices for the period between 1 September 2017 and 31 August 2018. Under the Financial Administration Act, federal Crown corporations are subject to an audit by the Auditor General, known as a special examination, at least every 10 years.

An audit of a Crown corporation examines the systems and practices 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. Reports to Crown corporations are therefore a source of important information that parliamentarians can use to hold Crown corporations to account.

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The report is available on the link to a portable document format (PDF) fileCrown Corporation’s website.

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