Thank you, Mr. Chair.
Good afternoon, Mr. Ferguson. Thank you for joining us today.
At the risk of making you repeat yourself, I want to pick up on the number of audits done. When you appeared before us on May 15, 2012, I asked you about your planned audits. You told us that you intended to conduct 30 performance audits of federal and territorial institutions in 2011-12. That surprised me given that, the previous year, you had completed 26 audit reports. You told me that, despite the budget cutbacks, you did not think the number of audits would go down.
Today, the 2011-12 performance report shows that 23 performance audits and 2 studies were completed. Isn't that a decrease from the previous year and from your own estimates or targets for that fiscal year?