2020 Fall Reports of the Auditor General of Canada to the Parliament of Canada Costs of Crown Corporation Audits
2020 Fall Reports of the Auditor General of Canada to the Parliament of CanadaCosts 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
- assets have been safeguarded and controlled
- financial, human, and physical resources have been managed economically and efficiently
- operations have been carried out effectively
Exhibit 1—Cost of preparing annual audit reports for fiscal years ending on or before 31 March 2020
| Crown corporation | Fiscal year ended | Cost ($) |
|---|---|---|
| Atlantic Pilotage Authority Canada | 31.12.19 | 224,540 |
| Atomic Energy of Canada Limited | 31.03.20 | 660,935 |
| Business Development Bank of Canada (joint audit) | 31.03.20 | 727,373 |
| Canada Council for the Arts | 31.03.20 | 347,125 |
| Canada Deposit Insurance Corporation | 31.03.20 | 286,696 |
| Canada Development Investment Corporation (joint audit) | 31.12.19 | 315,726 |
| Canada Hibernia Holding Corporation (joint audit) | 31.12.19 | 353,708 |
| Canada Infrastructure Bank | 31.03.20 | 458,726 |
| Canada Lands Company Limited | 31.03.20 | 664,741 |
| Canada Mortgage and Housing Corporation (joint audit) | 31.12.19 | 986,869 |
| Canada Post (joint audit) | 31.12.19 | 1,181,925 |
| Canadian Air Transport Security Authority | 31.03.20 | 728,555 |
| Canadian Broadcasting Corporation | 31.03.20 | 1,824,652 |
| Canadian Commercial Corporation | 31.03.20 | 453,053 |
| Canadian Dairy Commission | 31.07.19 | 194,764 |
| Canadian Museum for Human Rights | 31.03.20 | 232,144 |
| Canadian Museum of History | 31.03.20 | 116,792 |
| Canadian Museum of Immigration at Pier 21 | 31.03.20 | 161,946 |
| Canadian Museum of Nature | 31.03.20 | 372,490 |
| Canadian Race Relations Foundation | 31.03.20 | 161,037 |
| Defence Construction Canada | 31.03.20 | 462,598 |
| Destination Canada | 31.12.19 | 364,352 |
| Export Development Canada | 31.12.19 | 1,840,959 |
| Farm Credit Canada | 31.03.20 | 1,026,333 |
| Federal Bridge Corporation | 31.03.20 | 420,992 |
| Freshwater Fish Marketing Corporation | 30.04.19 | 458,779 |
| Great Lakes Pilotage Authority Canada | 31.12.19 | 203,450 |
| Ingenium—Canada’s Museums of Science and Innovation | 31.03.20 | 113,683 |
| International Development Research Centre | 31.03.20 | 325,838 |
| Jacques Cartier and Champlain Bridges | 31.03.20 | 466,598 |
| Laurentian Pilotage Authority Canada | 31.12.19 | 182,014 |
| Marine Atlantic incorporatedInc. | 31.03.20 | 592,748 |
| National Arts Centre | 31.08.19 | 381,989 |
| National Capital Commission | 31.03.20 | 835,725 |
| National Gallery of Canada | 31.03.20 | 129,027 |
| Pacific Pilotage Authority Canada | 31.12.19 | 245,887 |
| Public Sector Pension Investment Board (joint audit) | 31.03.20 | 1,115,258 |
| Ridley Terminals incorporatedInc. | 31.12.19 | 639,350 |
| Royal Canadian Mint | 31.12.19 | 1,312,151 |
| Seaway International Bridge Corporation, limitedLtd. | 31.03.20 | 154,738 |
| Standards Council of Canada | 31.03.20 | 278,997 |
| Telefilm Canada | 31.03.20 | 320,100 |
| Trans Mountain Corporation (joint audit) | 31.12.19 | 733,567 |
| VIA Rail Canada incorporatedInc. | 31.12.19 | 1,011,578 |
| Windsor-Detroit Bridge Authority | 31.03.20 | 503,057 |
In the 2019–20 fiscal year, the OAG completed the special examination of 3 Crown corporations. The costs incurred are shown in Exhibit 2.
Exhibit 2—Cost of completing special examination reports in 2019–20
| Crown corporation | Cost ($) |
|---|---|
| Canada Deposit Insurance Corporation | 888,483 |
| Canadian Museum of Immigration at Pier 21 | 802,006 |
| National Gallery of Canada | 1,219,451 |