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Archived - Auditor General Provides Overview of Special Examinations of Crown Corporations for 2011

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(Chapter 6—Special Examinations of Crown Corporations—2011—Spring 2012 Report of the Auditor General)

Ottawa, 3 April 2011—In his Report tabled today in the House of Commons, the Auditor General of Canada, Michael Ferguson, includes an overview of reports on the special examinations of three Crown corporations that were issued during 2011.

Carried out at least once every 10 years, 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. If the examination finds a major weakness that could prevent the corporation from having that assurance, a significant deficiency is reported.

“I am pleased to report that we found no significant deficiencies in the systems and practices of the corporations we examined—the Canadian Dairy Commission, the Canadian Race Relations Foundation, and the Public Sector Pension Investment Board,” said Mr. Ferguson.

The Auditor General has noted significant deficiencies in 8 of the 29 special examinations carried out since 2008, when the Office began providing Parliament with annual summaries of special examinations completed each year.

The chapter provides the main points of the special examination reports, noting that they do not reflect events that may have occurred since the reports were issued. The corporations have posted the full special examination reports on their websites.

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The chapter “Special Examinations of Crown Corporations—2011” is available on the Office of the Auditor General of Canada Web site.

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