CRA Annual Report to Parliament 2011-2012 (PDF - Agence du ...

INDEPENDENT AUDITOR’S REPORT
To the Board of Management of the Canada Revenue Agency and the Minister of National Revenue
I have audited the accompanying statement of administered assets and liabilities of the Canada Revenue Agency as
at 31 March 2012, and the statement of administered revenues and pension contributions, statement of
administered expenses and recoveries and statement of administered cash flows for the year then ended, and a
summary of significant accounting policies and other explanatory information (together “the financial information”).
The financial information has been prepared by management using the basis of accounting described in Note 2.
Management’s Responsibility for the Financial Information
Management is responsible for the preparation and fair presentation of this financial information in accordance with
the basis of accounting described in Note 2; this includes determining that the basis of accounting is an acceptable
basis for the preparation of the financial information in the circumstances, and for such internal control as
management determines is necessary to enable the preparation of the financial information that is free from
material misstatement, whether due to fraud or error.
Auditor’s Responsibility
My responsibility is to express an opinion on the financial information based on my audit. I conducted my audit in
accordance with Canadian generally accepted auditing standards. Those standards require that I comply with ethical
requirements and plan and perform the audit to obtain reasonable assurance about whether the financial
information is free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial information. The procedures selected depend on the auditor’s judgment, including the assessment of the
risks of material misstatement of the financial information, whether due to fraud or error. In making those risk
assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the
financial information in order to design audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes
evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made
by management, as well as evaluating the presentation of the financial information.
I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion.
Opinion
In my opinion, the financial information presents fairly, in all material respects, the administered assets and liabilities
of the Canada Revenue Agency as at 31 March 2012, and the results of its administered operations and its
administered cash flows for the year then ended in accordance with the basis of accounting described in Note 2.
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