Auditing Systems and Practices Relating To Effectiveness Of Operations In Federal Crown Corporations

Recent changes to the Financial Administration Act (F.A.A.) introduced a requirement for value-for-money audits of federal Crown corporations through a process called "special examination". A special examination is designed to result in an opinion by the examiner as to whether there is reasonable assurance that there are o significant deficiencies in the systems and practices maintained by the corporation to provide reasonable assurance that its assets are safeguarded and controlled, its resources are managed eccally and efficiently and its operations are carried out effectively.