Asia-Pacific Foundation of Canada Act (R.S.C., 1985, c. A-13)

Act current to 2016-01-25 and last amended on 2012-03-16. Previous Versions

Marginal note:Audit

 The accounts and financial transactions of the Foundation shall be audited annually and a report of the audit shall be made to the Board.

  • 2005, c. 30, s. 77.

Report

Marginal note:Annual report
  •  (1) The Board shall, within four months after the end of each fiscal year of the Foundation, submit to the Minister a report, in both official languages, of the activities of the Foundation for that year. The report shall include

    • (a) the financial statements of the Foundation for that year, prepared in accordance with generally accepted accounting principles, and the auditor’s report on those financial statements;

    • (b) a detailed statement of its investment activities during that year and its investment portfolio as at the end of that year;

    • (c) a detailed statement of its funding activities;

    • (d) a statement of its plans for fulfilling its purpose for the next fiscal year; and

    • (e) an evaluation of the overall results achieved by the Foundation.

  • Marginal note:Tabling in Parliament

    (2) The Minister shall cause a copy of the report to be laid before each House of Parliament on any of the first 15 days on which that House is sitting after the Minister receives it.

  • Marginal note:Making report available

    (3) The Board shall, as soon as is practicable after it is tabled under subsection (2), make the report available for public scrutiny.

  • R.S., 1985, c. A-13, s. 36;
  • 2005, c. 30, s. 78.

Review

Marginal note:Review
  •  (1) The Board shall, within five years after the coming into force of this section and every five years after that, review the Foundation’s activities and organization and submit a report to the Minister on the activities and organization, including a statement of any changes the Board recommends.

  • Marginal note:Tabling in Parliament

    (2) The Minister shall cause a copy of the report to be laid before each House of Parliament on any of the first 15 days on which that House is sitting after the Minister receives it.

  • R.S., 1985, c. A-13, s. 37;
  • 2005, c. 30, s. 79.
 
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