Thank you, Mr. Speaker. The auditors issued one of three opinions on financial statements. A denied audit opinion means there is a serious deficiency and a qualified opinion means deficiencies or possible deficiencies in financial statements, but an audit opinion can still be formed. Unqualified opinion, good financial controls, and accuracy of books and records. What I have here is that as of March, 1997, 27 communities had unqualified opinions which means that these 27 communities had good financial controls. Eleven communities had qualified opinions. A lot of times this was because the money in the canteens was not run well, and that could qualify them not to be very good in their finances, but otherwise, everything is looking good. Only one community had a denied audit opinion and we are working with the community. I feel we are doing very well with the communities because we are training them, as I said. We are keeping on track. We do monitor them. I think we are doing great. Thank you.
Manitok Thompson on Question 111-13(5): Municipal Financial Audits
In the Legislative Assembly on January 27th, 1998. See this statement in context.
Further Return To Question 111-13(5): Municipal Financial Audits
Question 111-13(5): Municipal Financial Audits
Item 6: Oral Questions
January 26th, 1998
Page 343
Manitok Thompson Aivilik
See context to find out what was said next.