Mr. Speaker, in accordance with section 138 of the Financial Administration Act, parent crown corporations shall cause a special Eeamination to be carried out at least once every five years. A special examination of the National Capital Commission, NCC, is scheduled for 2007. The Office of the Auditor General, OAG, will be conducting the examination and it is responsible for developing the audit criteria.
The OAG is in the very early stages of the audit process. As part of its standard process, the OAG presents the special examination plan, i.e. audit plan, which normally includes the audit criteria, to the crown corporation's audit committee. In the case of the NCC, the OAG expects to present this plan to the corporation in early spring 2007.