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Finance committee Within our planning and reporting framework for managing our parks and national marine conservation areas, we're looking at a ten-year strategic planning cycle with a five-year overall reporting cycle. We are moving to an annual engagement model whereby each year we'll be meeting
June 5th, 2012Committee meeting
Margaret Strysio
Finance committee About 3,700 hours.
May 17th, 2012Committee meeting
Margaret Strysio
Finance committee They do give a cost. I think that came out for them—
May 17th, 2012Committee meeting
Margaret Strysio
Finance committee They estimated $590,000.
May 17th, 2012Committee meeting
Margaret Strysio
Finance committee I would suppose so.
May 17th, 2012Committee meeting
Margaret Strysio
Finance committee Yes.
May 17th, 2012Committee meeting
Margaret Strysio
Finance committee In fact in this case we had raised it with the Office of the Auditor General, which we deal with on an ongoing basis, and they had indicated to us that they were also looking at the same thing, from their side. So it was kind of a mutual discussion on that.
May 17th, 2012Committee meeting
Margaret Strysio
Finance committee I don't believe so. Because no other departmental organizations have a requirement for an audit of their financial statements on an individual basis—they're all audited through kind of the rolled-up Government of Canada accounts—individually they don't undergo an audit of their f
May 17th, 2012Committee meeting
Margaret Strysio
Finance committee Just to clarify that, all departments have an audit committee that consists of external members. That committee reviews all matters and all internal audits that are conducted by the organization. They also review our performance report and would review our financial statements.
May 17th, 2012Committee meeting
Margaret Strysio
Finance committee Someone would need to be engaged to do that work.
May 17th, 2012Committee meeting
Margaret Strysio
Finance committee That's right.
May 17th, 2012Committee meeting
Margaret Strysio
Finance committee That's right.
May 17th, 2012Committee meeting
Margaret Strysio
Finance committee The Auditor General has always done an annual audit. So going forward, there would no longer be an audit of our financial statements. I don't know of the intention to have the financial statements audited on an individual basis going forward, but they do have the authority to do
May 17th, 2012Committee meeting
Margaret Strysio
Finance committee Yes, I can give you just an estimate. Each year the Auditor General estimates how many hours it will take for them to conduct an audit. For the financial statement audit in their audit plan this year, they had estimated 2,700 hours. For the performance information review, they ha
May 17th, 2012Committee meeting
Margaret Strysio
Finance committee In terms of our planning and reporting, we, like all departmental organizations, would still prepare a report on plans and priorities, which would be tabled in the House, and a departmental performance report each year, reporting back on how we've done relative to our plan. That
May 17th, 2012Committee meeting
Margaret Strysio