Special Examination—Atomic Energy of Canada Limited—Atomic Energy of Canada Limited releases its special examination report

Special Examination—Atomic Energy of Canada LimitedAtomic Energy of Canada Limited releases its special examination report

Ottawa, 24 August 2017—Atomic Energy of Canada Limited 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 April 2016 and 31 January 2017. 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 that Atomic Energy of Canada Limited had good corporate management practices in place, but that improvements were needed in some areas. We noted a significant deficiency in Board renewal due to delays in the appointment of Board members, which were beyond the control of the Corporation.

We also found that despite the challenges it faced throughout its transition to a Government-owned, Contractor-operated business model, the Corporation did a good job of implementing systems and practices under its new monitoring role.

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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