2021 Reports of the Auditor General of Canada to the Parliament of Canada Appendix—Costs of Crown Corporation Audits

2021 Reports of the Auditor General of Canada to the Parliament of CanadaAppendix—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 (Exhibit 2) 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

Exhibit 1—Cost of preparing annual audit reports for fiscal years ending on or before 31 March 2021

Cost of preparing annual audit reports for fiscal years ending on or before 31 March 2021
Crown corporation Fiscal year ended Cost ($)
Atlantic Pilotage Authority Canada 31.12.20 217,149
Atomic Energy of Canada Limited 31.03.21 755,821
Business Development Bank of Canada (joint audit) 31.03.21 969,115
Canada Council for the Arts 31.03.21 587,637
Canada Deposit Insurance Corporation 31.03.21 402,215
Canada Development Investment Corporation (joint audit) 31.12.20 345,568
Canada Enterprise Emergency Funding Corporation (joint audit) 31.12.20 357,414
Canada Hibernia Holding Corporation (joint audit) 31.12.20 305,634
Canada Infrastructure Bank 31.03.21 403,605
Canada Lands Company Limited 31.03.21 661,621
Canada Mortgage and Housing Corporation (joint audit) 31.12.20 1,017,408
Canada Post (joint audit) 31.12.20 1,210,810
Canadian Air Transport Security Authority 31.03.21 884,602
Canadian Broadcasting Corporation 31.03.21 1,709,887
Canadian Commercial Corporation 31.03.21 420,364
Canadian Dairy Commission 31.07.20 225,282
Canadian Museum for Human Rights 31.03.21 254,431
Canadian Museum of History 31.03.21 102,699
Canadian Museum of Immigration at Pier 21 31.03.21 191,071
Canadian Museum of Nature 31.03.21 408,796
Canadian Race Relations Foundation 31.03.21 259,274
Defence Construction Canada 31.03.21 341,273
Destination Canada 31.12.20 327,165
Export Development Canada 31.12.20 2,310,102
Farm Credit Canada 31.03.21 1,154,176
Federal Bridge Corporation 31.03.21 462,106
Freshwater Fish Marketing Corporation 30.04.20 407,692
Great Lakes Pilotage Authority Canada 31.12.20 208,025
Ingenium—Canada’s Museums of Science and Innovation 31.03.21 105,216
International Development Research Centre 31.03.21 350,620
Jacques Cartier and Champlain Bridges 31.03.21 604,919
Laurentian Pilotage Authority Canada 31.12.20 180,678
Marine Atlantic incorporatedInc. 31.03.21 638,415
National Arts Centre 31.08.20 515,124
National Capital Commission 31.03.21 855,021
National Gallery of Canada 31.03.21 137,448
Pacific Pilotage Authority Canada 31.12.20 271,736
Public Sector Pension Investment Board (joint audit) 31.03.21 1,185,788
Royal Canadian Mint 31.12.20 1,406,914
Seaway International Bridge Corporation IncorporatedInc. 31.03.21 142,514
Standards Council of Canada 31.03.21 316,227
Telefilm Canada 31.03.21 332,628
Trans Mountain Corporation (joint audit) 31.12.20 560,022
VIA Rail Canada incorporatedInc. 31.12.20 1,079,148
Windsor-Detroit Bridge Authority 31.03.21 378,108

In the 2020–21 fiscal year, the OAG completed the special examination of 4 Crown corporations. The costs incurred are shown in Exhibit 2.

Exhibit 2—Cost of completing special examination reports in 2020–21

Cost of completing special examination reports in 2020–21
Crown corporation Cost ($)
Canadian Dairy Commission 1,151,808
Canadian Race Relations Foundation 385,610
National Arts Centre 1,056,084
Telefilm Canada 1,368,555