Public Accounts committee  Crown corporations' losses have to do with the fact that they could not generate asset-related revenue. Tangible capital assets are supposed to generate future cash flows. In this instance, they felt there was a downturn in certain business lines in the crown corporations. For e

Public Accounts committee  Accounting standards are followed. That's exactly how the results should be presented. As we mentioned, in the analysis of the senior management's discussion, more details could be provided on assets at the beginning of financial statements.

Public Accounts committee  Thank you. We did see some progress this year, as we have seen over the last four years, at the Department of National Defence. This year, they did take on a large project, looking at the pricing of ammunition, so we definitely saw reduced errors in the pricing of ammunition. W

Public Accounts committee  Thank you for your question. It is impossible for me to give you any details about what happened 13 years ago. However, I can tell you about the last four years, during which I was responsible for the financial statements of the Government of Canada. I have had occasion to inter

Public Accounts committee  No, I think that was well said.

Public Accounts committee  I think we mentioned, even last year, that the only thing I could add about their improvements would be the increased coordination between the public servants and the military. That was a big shift a few years ago in the department, so they were collectively focused on accounting

Public Accounts committee  As mentioned in our analysis, this question is not necessarily an easy one to answer. So many issues and sectors must be considered. However, I can assure you we have seen an improvement at the department, although it still has a great deal of work to do. I think we could elabora