In Canada, companies are required to file annual audits of their finances and to disclose any transactions that might affect their financial performance.
But the law requires a lot more than that.
There are different requirements depending on the type of company you work for.
In some cases, the company must file an annual report to the Minister of Finance that provides detailed information about how the company is doing and how it could improve its financial performance in the future.
In other cases, companies have to file auditing reports that detail all of their financial and operational activities for the previous year.
The auditing is not required if the company’s revenue or profit exceeds $5 million and the auditing report does not disclose any of the financial information it receives from the other departments.
A company that is required to report financial information to the government but does not report to its auditing officer, the auditor, may be asked to disclose additional information, such as where the money is coming from and how the money was spent.
But if a company doesn’t disclose any financial information, the government can demand the company provide details about how its finances are doing.
The audits of the other government departments are not required, so if a business is audited by a third party, it is not reported to the auditors.
In many cases, an audit of a company is a requirement to be able to obtain government contracts or tax credits, such a health care program or a social assistance program.
“I do think that audit is a necessary thing for a lot of people in the country to know the truth about what is going on,” said Michael LeBel, president of the Canadian Association of Business Tax Administrators.
The federal government requires auditing by the auditor for a variety of reasons, including ensuring that companies that do not disclose their financial information comply with government auditing standards.
Companies are required by law to provide audited financial statements to the auditor annually and must keep those financial statements for five years.
This information includes, for example, the number of employees, the financial position of the business, how much revenue is generated and how much expenses are incurred, LeBel said.
In Canada there are no public records or financial statements that provide a complete accounting of how a business has operated for the past five years and how its revenues and expenses are spent.
It’s up to the Auditor General to review a company’s financial statements every five years to determine if it meets the criteria to be audited.
But even if a report does provide the information required by the Auditor Generals Office, it doesn’t necessarily provide a detailed account of the company.
In the past, auditors have had to make judgments based on how the companies financial reports are structured, how they have been managed and whether they have disclosed financial information in other ways.
LeBel says the auditor general should be able better handle the task of making financial audits available to the public.
“The auditor should be looking at that auditor’s reports to determine what has happened to the audit report.
If the auditor did not report all of its financial information or if the auditor disclosed information that is not included in the auditor’s report, then there is a very good possibility that the audit will not be completed,” LeBel added.
Some people are concerned about the prospect of the government publishing audit reports to the media.
“If the government were to make public audit reports, there would be a lot about the audit process that would be very, very, bad for Canadians, because the audit reports would be available to a lot people,” said Chris Hoggard, CEO of the Tax Foundation, a public policy think tank.
He said it would be extremely difficult for the public to have access to all the information in a report that is supposed to be confidential.
“It would be really, really difficult to have the public know how the audit was done,” he said.
The Auditor General’s office said in a news release that its audits are required in order to ensure that Canadians are protected from fraud, and that it has done so by providing a comprehensive audit of companies across the country.
The auditor general also maintains a website where auditors can obtain information about the types of financial information that the government requires companies to report, as well as the procedures it uses to audit companies.
In addition, auditing companies can provide auditing information to auditing officers who then are able to determine whether the auditor has complied with the requirements of the law, the news release said.
Lebel said there are other ways to make auditing more accessible to Canadians.
“In a lot, I think it is important to have an audit that is easily accessible and accessible to people.
I think there are many people who are willing to do the work of auditing,” Lebel added.
The CBC’s Daniel Dale and the Associated Press contributed to this report.