Thank you, Mr. Chair and Ms. Fraser.
I was interested in paragraph 14, where you say that you will no longer be auditing departmental-level financial statements. You talk about delays in the readiness of the largest government departments to have their statements audited and about the lack of a formal government policy on audited departmental financial statements.
Is this a problem? Presumably you were auditing them before, and you thought they should be audited, and now you're not auditing them. Is someone else auditing them, or is there a gap? Should there be some government policy? You seem to say that there isn't right now a policy on this matter.
Finally, why are these largest government departments apparently so slow to be ready?