Financial Administration Act (R.S.C., 1985, c. F-11)

Act current to 2013-11-02 and last amended on 2013-07-15. Previous Versions

Marginal note:Report

  • 139. (1) An examiner shall, on completion of the special examination, submit a report on his findings to the board of directors of the corporation examined.

  • Marginal note:Contents

    (2) The report of an examiner under subsection (1) shall include

    • (a) a statement whether in the examiner’s opinion, with respect to the criteria established pursuant to subsection 138(3), there is reasonable assurance that there are no significant deficiencies in the systems and practices examined; and

    • (b) a statement of the extent to which the examiner relied on internal audits.

  • Marginal note:Report to Minister and President of the Treasury Board

    (3) The board of directors shall, within 30 days after the day on which it receives the report, submit the report to the appropriate Minister and the President of the Treasury Board.

  • Marginal note:Report available to public

    (4) The board of directors shall, within 60 days after the day on which it receives the report, make the report available to the public.

  • R.S., 1985, c. F-11, s. 139;
  • 2009, c. 2, s. 375.
Previous Version
Marginal note:Special report to appropriate Minister

140. Where the examiner of a parent Crown corporation, or a wholly-owned subsidiary of a parent Crown corporation, is of the opinion that the report under subsection 139(1) contains information that should be brought to the attention of the appropriate Minister, the examiner shall, after consultation with the board of directors of the corporation, or with the boards of the subsidiary and corporation, as the case may be, report that information to the Minister and furnish the board or boards with a copy of the report.

  • R.S., 1985, c. F-11, s. 140;
  • 2005, c. 30, s. 38.
Previous Version
Marginal note:Special report to Parliament

141. Where the examiner of a parent Crown corporation, or a wholly-owned subsidiary of a parent Crown corporation, is of the opinion that the report under subsection 139(1) contains information that should be brought to the attention of Parliament, the examiner shall, after consultation with the appropriate Minister and the board of directors of the corporation, or with the boards of the subsidiary and corporation, as the case may be, prepare a report on that information for inclusion in the next annual report of the corporation and furnish the board or boards, the appropriate Minister and the Auditor General of Canada with copies of the report.

  • R.S., 1985, c. F-11, s. 141;
  • 2005, c. 30, s. 38.
Previous Version
Marginal note:Examiner

  • 142. (1) Subject to subsection (2), a special examination referred to in section 138 shall be carried out by the auditor of a Crown corporation.

  • Marginal note:Examiner

    (2) Where, in the opinion of the Governor in Council, a person other than the auditor of a Crown corporation should carry out a special examination, the Governor in Council may, after the appropriate Minister has consulted the board of directors of the corporation, appoint an auditor who is qualified for the purpose to carry out the examination in lieu of the auditor of the corporation and may, after the appropriate Minister has consulted the board, remove that qualified auditor at any time.

  • (3) [Repealed, 2005, c. 30, s. 39]

  • Marginal note:Applicable provisions

    (4) Subject to subsection (5), sections 135 and 137 apply in respect of an examiner as though the references therein to an auditor were references to an examiner.

  • Marginal note:Auditor General eligible

    (5) The Auditor General of Canada is eligible to be appointed an examiner and section 135 does not apply to the Auditor General of Canada in respect of such an appointment.

  • R.S., 1985, c. F-11, s. 142;
  • 2005, c. 30, s. 39.
Previous Version