Our mandate was changed in 1995 to allow us to conduct performance audit work on foundations. We are not the auditors of the financial statements of foundations. Those are done by the private sector. The approach we have decided to take is to include foundations in broader-scoped audits.
I'll give you a few examples. When the Commissioner of the Environment did work on climate change, we included the Canada Foundation for Sustainable Development Technology. We have an audit under way of research and development initiatives, and the Canada Foundation for Innovation is included in that. We have another one on aid, support for students, and the Canada Millennium Scholarship Foundation is included in that.
So we are including the foundations in performance audits of issues or topics where they play a significant role, and I would hope that by the end of my term, say within the next three to four years, we will have covered all the major foundations in that way.