Thank you, Mr. Chair.
Mr. Ferguson, I'd like to move to chapter 9, on offshore banking, if we could. I have two areas I'd like to address.
The audit looked at how the Canada Revenue Agency has followed up on a list it received in 2007 of possible Canadian residents with accounts in Liechtenstein banks. The audit examined whether the agency adequately conducted compliance actions for those named on the Liechtenstein banks list and used the intelligence gained to confirm its detection and audit procedures for offshore banking. This seems to be a very positive objective and something that was well achieved.
My first question is about how your report sheds light on the use of non-prosecution agreements by the CRA as a means of gathering information and intelligence. You concluded that this was a proper approach.
I wonder if you could comment on the approach and on why this particular approach was necessary and why we're better served today because of the intelligence gathered.