As for the Canada Millennium Scholarship Foundation, the Auditor Gneral did not detect any problem. Just like you, we had thought that with the passage of Bill C-48 the government had authorized the Auditor General to audit the Foundation's activities and accounts. Government representatives informed us that an additional authorization would be required, and we believe that this is provided for under Bill C-2.
On May 30th, 2006. See this statement in context.