Thank you, Mr. Chair.
I will thank our witnesses for being here. My apologies for not being here at the first part, but I did read through your opening statements. I won't pretend to understand accrual accounting. I'll leave that to Mr. Kramp and his experts.
Ms. Cheng, in your opening statement you commented on the value of financial control and risk management. I see these as clearly preventive measures that are very important. I want to point out that they contribute to the organization's ability to safeguard its assets and so on. Later in the report, as Mr. Shipley pointed out, you pointed out the dramatic improvement in the number of CFOs who have a professional designation, going from 33% in 2003 to 82% in 2010.
In your fourth point you go on to point out you examined the government's progress in commitments. You indicate in your fifth point that overall you found satisfactory progress has been made in the various areas. I'm just wondering, in terms of risk management specifically, if you could give me and the committee some more specific examples of how these improvements have been made and how we, as parliamentarians and Canadians in general, should take some solace in the fact we're working hard to safeguard their financial resources.