Farm Credit Canada releases its audit report

Ottawa, 24 February 2022—Farm Credit 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 that were in place between 1 July 2020 to 31 March 2021. Under the Financial Administration Act, federal Crown corporations are subject to an audit by the Auditor General 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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This report is available on the Office of the Auditor General of Canada website.

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