moved for leave to introduce Bill-364, an act to require Crown corporations and departments of government to have annual internal audits the reports of which are to be submitted to the Auditor General of Canada.
Mr. Speaker, the purpose of this enactment would be to require crown corporations and departments to complete an annual internal audit, an audit report, using internal or external auditors who ought to be qualified as prescribed by the auditor general. The internal audit report is then to be submitted to the head of the corporation or minister for the department and to the auditor general. Either of them may require a further examination of records. This would secure a greater involvement and commitment by crown corporations and departments in their own financial regulation and would assist the auditor general in the timely fulfilment of the duties required under the Auditor General Act.
(Motions deemed adopted, bill read the first time and printed)