Public Accounts committee  I'll answer with a yes, Mr. Chair.

Public Accounts committee  Mr. Chair, I'll give a few very brief answers. First of all, in terms of the G-8 and G-20 legacy fund, there is no specific reference, aside from in the individual departments and ministries, where you can see how money was actually spent against that particular purpose. The pu

Public Accounts committee  Mr. Chair, there are two things. In terms of the opinion on the public accounts, first and foremost we comment on the fair presentation of the financial statements. Essentially, where money has been collected, money has been dispersed, revenue that should have come in, the fina

Public Accounts committee  I think you are asking me to comment on the subject of another audit, and I would like to be quite prudent in how I answer that question. I believe the concern was the use of the vote wording in terms of describing those activities. I don't believe we went as far as talking abou

Public Accounts committee  Mr. Chair, I would ask the that the finance representative perhaps answer that question, because that's not part of the financial statements in section 1 or section 2.

Public Accounts committee  There are two points here. First and foremost, you set up a capital vote for a reason. You want to set a certain ceiling to the amount of capital expenditures you want to have incurred for a particular entity. If there is to be a change, I believe there is a process you can follo

Public Accounts committee  Earlier I was able to talk about the change in the independent auditor's report, but even prior to the change, Canadians had very good standards. So in essence and in principle, things have not changed that much in terms of what we do with respect to audits. The new international

Public Accounts committee  Yes, sir.

Public Accounts committee  Mr. Chair, I would think it would be more appropriate to have my colleague who was responsible for the file to actually answer that question. It wasn't a section that I had studied at length and it would be inappropriate for me to try to interpret that for this hearing.

Public Accounts committee  This is not a subject I've prepared for in terms of the briefing, nor was it my audit file, so I'm answering to the best of my knowledge in terms of what I know. I believe the office position was that this is not a case of non-compliance with the law. The concern that we highli

Public Accounts committee  Thank you, Mr. Chair. My name is Nancy Cheng. I am the assistant Auditor General responsible for the audit of the public accounts. With me is Madame Louise Bertrand, one of two principals responsible for this work.

Public Accounts committee  Yes, Mr. Chair. Thank you for the opportunity to discuss our audit of the consolidated financial statements of the Government of Canada for the 2011-12 fiscal year. As I mentioned, I am accompanied today by Louise Bertrand, one of two principals responsible for this audit.

Public Accounts committee  Thank you, Mr. Chair. It is a very commendable result for the Government of Canada. It speaks to the high quality of the preparation in the first instance. It also speaks to a good working relationship between both sides. When we have come across differences, there has been a lo

Public Accounts committee  Essentially, the audit opinion speaks to the fair presentation of the financial statements in comparison to its accounting policies, which conform with the public sector accounting standards. So the extent to which the financial reporting and the various results fall in line and

Public Accounts committee  This is not based on audited information, but based on our contacts with our colleagues in other countries. This is quite outstanding in its own way. In many other jurisdictions they don't even have consolidated financial statements, let alone have clean audit opinions. When they