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2003 November Report of the Auditor General of Canada Appendix E—Costs of Crown corporation audits conducted by the Office of the Auditor General of Canada

2003 November Report of the Auditor General of Canada

November 2003 Report

Appendix E—Costs of Crown corporation audits conducted by the Office of the Auditor General of Canada

Section 147 of the Financial Administration Act requires that the Office disclose the costs of preparing audit reports on all Crown corporations other than those exempted under section 85 of the Act (Exhibit E.1). An 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.

The Office is also required by section 68 of the Broadcasting Act to report the cost of any audit report on the Canadian Broadcasting Corporation. For the fiscal year ended 31 March 2003, the full cost of the annual audit report was $694,422.

The objective of a special examination is to determine whether a corporation's financial and management control and information systems and its management practices provide reasonable assurance that:

In 2002-2003 the Office completed the special examination of six Crown Corporations. The costs were:

Atomic Energy of Canada Limited

$868,430

Great Lakes Pilotage Authority

264,447

International Development Research Centre

909,579

National Capital Commission

408,526

Farm Credit Corporation

576,323

Atlantic Pilotage Authority

186,349

 

Exhibit E.1

Cost of preparing annual audit reports for fiscal years ending on or before 31 March 2003

Crown Corporation

Fiscal year
ended

Cost

Atlantic Pilotage Authority

31.12.02

$99,877

Atomic Energy of Canada Limited (joint auditor)

31.03.03

234,907

Blue Water Bridge Authority

31.08.03

59,397

Business Development Bank of Canada (joint auditor)

31.03.03

339,317

Canada Deposit Insurance Corporation

31.03.03

142,351

Canada Development Investment Corporation (joint auditor)

31.12.02

71,986

Canada Lands Company Limited (joint auditor)

31.03.03

267,111

Canada Mortgage and Housing Corporation (joint auditor)

31.12.02

451,936

Canadian Commercial Corporation

31.03.03

201,261

Canadian Dairy Commission

31.07.02

85,690

Canadian Museum of Civilization

31.03.03

111,600

Canadian Tourism Commission

31.12.02

217,651

Canadian Museum of Nature

31.03.03

105,631

Cape Breton Development Corporation

31.03.03

183,988

Cape Breton Growth Fund

31.03.03

42,888

Canadian Air Transportation Security Authority

31.03.03

267,143

Canadian Transport Accident Investigation Board

31.03.03

52,069

Defence Construction (1951) Limited

31.03.03

105,532

Enterprise Cape Breton Corporation

31.03.03

135,029

Export Development Canada

31.12.02

636,738

Farm Credit Canada

31.03.03

398,813

Federal Bridge Corporation Ltd.

31.03.03

32,213

Freshwater Fish Marketing Corporation

30.04.02

99,603

Great Lakes Pilotage Authority

31.12.02

106,765

Laurentian Pilotage Authority

31.12.02

103,230

Jacques Cartier and Champlain Bridges Incorporated

31.03.03

69,485

Marine Atlantic Inc.

31.12.02

331,434

National Capital Commission

31.03.03

254,877

National Gallery of Canada

31.03.03

113,645

National Museum of Science and Technology

31.03.03

99,612

Old Port of Montreal Corporation Inc.

31.03.03

264,318

Pacific Pilotage Authority

31.12.02

46,425

Queens Quay West Land Corporation

31.03.03

51,280

Royal Canadian Mint

31.12.02

579,497

Ridley Terminals Inc.

31.12.02

74,155

Seaway International Bridge Corporation Ltd.

31.12.02

66,734

Standards Council of Canada

31.03.03

77,858

VIA Rail Canada Inc. (joint auditor)

31.12.02

279,544