Mr. Speaker, it is unfortunate that the context of the member's question is contained in his opening remarks where he wishes to use a cute phrase or just a little dismissive phrase in naming the Prime Minister, which, frankly, undercuts the debate he wishes to have here.
Is he now asking whether it is true that there were problems discovered in Enron-Andersen, WorldCom, here with the CIBC and others? Absolutely. Is he also asking whether it is true that the Ontario Securities Commission and the U.S. government with its Sarbanes-Oxley reforms took action to fix those things? Absolutely. Is he asking whether it is true that it is the history of man that we constantly discover ways in which we can improve? It is of great value that we do in fact do those improvements.
However if he is saying that all private accounting firms are somehow corrupt, he is simply wrong, and to even suggest that is just so outrageous it debases the debate.
He should look at the names of the people who serve on these foundations. They take their responsibilities seriously. They have independent audits and independent evaluations. The Auditor General herself has said that she has no concerns. The member is substituting his short, quick nine second clip, political debate for the intelligence of others.