Our Disclosure Policy directs how we publicly release significant quantities of information on transactions at aggregate and individual levels. The policy strikes a balance between sharing information that enhances our public accountability, and protecting the commercially confidential information entrusted to us by our clients.
The application of the policy is overseen by our Compliance Officer and monitored for compliance by our Internal Audit and Evaluation department. We have committed to reviewing the policy on a regular basis. The latest policy came into effect on November 1, 2010, and increased the level of detail disclosed for Category A projects.
As per the Export Development Act our auditor is the Auditor General of Canada. The Auditor General audits our annual financial statements and performs every five years, a special examination on our activities. The appropriateness of our Disclosure Policy, and our adherence to it, may form part of a special examination.
Internal Audits
Our Internal Audit group conducts annual audits as per a risk-based audit plan which is approved by the Audit Committee of the Board of Directors. After each audit, a report is issued which includes our opinion on the related internal controls, a summary of each finding and our recommendations.