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Public Accounts committee  I think it's important for the organization to have people internally who can do inspections and make assessments, and then use third parties when they need them. From the board's perspective, it needs to have some comfort that what it is hearing from management about risk assess

May 3rd, 2018Committee meeting

Michael Ferguson

Public Accounts committee  Again, I think you can start by coming at the problem from the two extremes. Are there too many assets? If there can't be any more funding, then does that mean there are too many assets? If there are not too many assets, and that's the stock of assets you want to have in the Na

May 3rd, 2018Committee meeting

Michael Ferguson

Public Accounts committee  I think they've given you a specific example. Getting back to your original question, in the case of many of these assets, of course you're dealing with assets that people interact with. It's therefore important to understand the risks and what could go wrong, because when someth

May 3rd, 2018Committee meeting

Michael Ferguson

Public Accounts committee  Thank you. I think it has to do with a variety of things. You have the asset inventory, on one hand, and the budget for fixing or addressing problems, on the other. Both elements come into play, giving rise to certain questions. Are there too many assets in the inventory? If it

May 3rd, 2018Committee meeting

Michael Ferguson

Public Accounts committee  As we say in paragraph 18, which you referred to earlier, we identified at that time that there was a lack of funding to maintain the assets at the level they needed to be maintained. Again, we found that being able to balance the inventory of assets with the money available for

May 3rd, 2018Committee meeting

Michael Ferguson

Public Accounts committee  The audit focused on all of the organization's practices. Naturally, the residence at 24 Sussex is very important, but it is just one of many assets in the NCC's portfolio.

May 3rd, 2018Committee meeting

Michael Ferguson

Public Accounts committee  The NCC may be able to provide a more detailed explanation. I can, however, say that 24 Sussex has a number of different problems, and each one has to be assessed. The answer is yes, the 25% does include the residence at 24 Sussex.

May 3rd, 2018Committee meeting

Michael Ferguson

Public Accounts committee  Mr. Chair, thank you for this opportunity to present the results of our special examination of the National Capital Commission. Joining me at the table is Margaret Haire, the principal responsible for the audit. As you know, a special examination of a crown corporation is a type

May 3rd, 2018Committee meeting

Michael Ferguson

Public Accounts committee  Well, what we end up auditing is how money is spent. However the money is allocated out of a central budget pool, it will be allocated to departments to do certain things. Once it gets allocated to departments, that's really when our work kicks in. We don't audit the budget alloc

April 24th, 2018Committee meeting

Michael Ferguson

Public Accounts committee  Again, it's not something we have examined, but for any type of audit, if we were looking at a budgeting process, we'd go back to the requirements in the Financial Administration Act: what needs to be appropriated, whether it is clear what the money is supposed to be used for, ho

April 24th, 2018Committee meeting

Michael Ferguson

Public Accounts committee  That's a fair comment, and one that all departments need to learn. Our biggest system is our human resources system, and then the system that supports our audit working papers. Any time we touch large systems, yes, we will be very careful to try to avoid significant mistakes in t

April 24th, 2018Committee meeting

Michael Ferguson

Public Accounts committee  We spent $2 million on language training.

April 24th, 2018Committee meeting

Michael Ferguson

Public Accounts committee  It's essentially the same. It's about $2 million. We budgeted around $2 million and we spent $2 million.

April 24th, 2018Committee meeting

Michael Ferguson

April 24th, 2018Committee meeting

Michael Ferguson

Public Accounts committee  There will be various different things. We have to put more effort into our IT, and there are other types of costs that we have to cover, and so to work within our budget, we have to reduce a number of staff. If you're talking about the upcoming fiscal year, if that is the 550

April 24th, 2018Committee meeting

Michael Ferguson