Adscam II is coming back real soon.

[Ricki Bobbi]

Money that the Government budget put into Foundations and research is still there. It is being used for the betterment of Canada. Unless Steve grabs all the money for some stupid vote buying or to pay for more military equipment. Besides Fraser is keeping track of the Foundations.

Uhhh, the Foundation structure is a joke. Weren't they all originally started with a five-year mandate? I know this one was. The rationale being it was only five years so people wouldn't scream about the arms length setup. i.e. the Governor General's inability to keep close tabs on it.

Any evidence on how Fraser is *keeping track of the Foundations*?

[hiti]

Money that the Government budget put into Foundations and research is still there. It is being used for the betterment of Canada. Unless Steve grabs all the money for some stupid vote buying or to pay for more military equipment. Besides Fraser is keeping track of the Foundations.

Uhhh, the Foundation structure is a joke. Weren't they all originally started with a five-year mandate? I know this one was. The rationale being it was only five years so people wouldn't scream about the arms length setup. i.e. the Governor General's inability to keep close tabs on it.

Any evidence on how Fraser is *keeping track of the Foundations*?

Read this.

[Ricki Bobbi]

Uhhh, the Foundation structure is a joke. Weren't they all originally started with a five-year mandate? I know this one was. The rationale being it was only five years so people wouldn't scream about the arms length setup. i.e. the Governor General's inability to keep close tabs on it.

Any evidence on how Fraser is *keeping track of the Foundations*?

Read this.

Yeah, you proved my point.

They aren't audited by the OAG (i.e. Fraser's office.)

They are audited by a self-appointed external auditor. Does Enron ring any bells???

Maybe you should try reading what you post...

[hiti]

Uhhh, the Foundation structure is a joke. Weren't they all originally started with a five-year mandate? I know this one was. The rationale being it was only five years so people wouldn't scream about the arms length setup. i.e. the Governor General's inability to keep close tabs on it.

Any evidence on how Fraser is *keeping track of the Foundations*?

Read this.

Yeah, you proved my point.

They aren't audited by the OAG (i.e. Fraser's office.)

They are audited by a self-appointed external auditor. Does Enron ring any bells???

Maybe you should try reading what you post...

Understand what you read?

Quote=The law enjoins directors to establish financial and management controls that will ensure

that the Foundation's business is managed effectively, efficiently, and economically. The law also

requires the board of directors to establish an audit committee, to engage an internal auditor, and

to commission internal audits to ensure compliance with the management controls established by

the board. The external auditor has regular access to the internal audit reports and uses them in

the preparation of his annual audit.

The fact that the external auditor has not issued any observations in his annual reports should be

taken as providing assurance that reasonable controls are in place and are being enforced.

The law also provides for external reporting relationships. The Foundation is required to provide

an annual report that includes not only financial statements, but also a statement of its activities

and plans, and an evaluation of the results achieved.

This annual report is sent to the Minister of Human Resources and Skills Development as well as

the provincial ministers responsible for post-secondary education, and tabled in both houses of

Parliament. A copy of the annual report is also sent to the auditor general of Canada. The report

forms the major topic of discussion at the annual public meeting of the Foundation's members.

In addition, the 1998 Budget Implementation Act requires the Foundation to cause a mid-term

report to be made of its activities and to provide for its distribution, tabling in Parliament and

public discussion. -end quote

Not only are the books opened to Sheila but also Parliament and the public.

So.... do you understand what you read?

[Ricki Bobbi]

Not only are the books opened to Sheila but also Parliament and the public.

So.... do you understand what you read?

Sending a copy of the final report to somebody is far different than giving them access to your full set of books.

Something tells me the new contrast ads will bring the nightmare of Liberal corruption back to the forefront of everybody's mind...

[tml12]

Not only are the books opened to Sheila but also Parliament and the public.

So.... do you understand what you read?

Sending a copy of the final report to somebody is far different than giving them access to your full set of books.

Something tells me the new contrast ads will bring the nightmare of Liberal corruption back to the forefront of everybody's mind...

That was ALL I could think of when I heard Dion saying "We need to be back in power again."

I had to watch old SNL videos on youtube after that because I was depressed at the thought of PM Dion and the Liberal machine returning to the purse strings.