Thank you, Mr. Chairman. There is a standard budgeting format and budgeting process. There is also a standard set of financial statements that the boards provide, as well as quarterly variance reports as the Minister mentioned. So there are standardized reporting formats. There is also a standardized chart of accounts, which a chart of accounts basically defines what transactions, how they are recorded, accumulated and rolled up.

So the accounting systems and structures are in place. The issue really evolves around getting a clear understanding for what transactions occurred, what contributed to variances in terms of program delivery details, what were the contributing factors as opposed to the nature of the transactions or the accuracy of the information that is reported to us. It is the underlying business situation that result in the deficits that becomes the problem. Thank you, Mr. Chairman.