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Unaudited Financial Statements for the period ending March 31, 2013

Statement of Management Responsibility Including Internal Control over Financial Reporting 2012-2013

Responsibility for the integrity and objectivity of the accompanying financial statements for the year ended March 31, 2013, and all information contained in these statements rests with the management of Environment Canada. These financial statements have been prepared by management using the Government’s accounting policies, which are based on Canadian public sector accounting standards.

Management is responsible for the integrity and objectivity of the information in these financial statements. Some of the information in the financial statements is based on management's best estimates and judgment, and gives due consideration to materiality. To fulfill its accounting and reporting responsibilities, management maintains a set of accounts that provides a centralized record of Environment Canada's financial transactions. Financial information submitted in the preparation of the Public Accounts of Canada, and included in Environment Canada's Departmental Performance Report, is consistent with these financial statements.

Management is also responsible for maintaining an effective system of internal control over financial reporting (ICFR) designed to provide reasonable assurance that financial information is reliable, that assets are safeguarded and that transactions are properly authorized and recorded in accordance with the Financial Administration Act and other applicable legislation, regulations, authorities and policies.

Management seeks to ensure the objectivity and integrity of data in its financial statements through careful selection, training, and development of qualified staff; through organizational arrangements that provide appropriate divisions of responsibility; through communication programs aimed at ensuring that regulations, policies, standards, and managerial authorities are understood throughout Environment Canada and through conducting an annual risk-based assessment of the effectiveness of the system of ICFR.

The system of (ICFR) is designed to mitigate risks to a reasonable level based on an ongoing process to identify key risks, to assess effectiveness of associated key controls, and to make any necessary adjustments.

A risk-based assessment of the system of ICFR for the year ended March 31, 2013 was completed in accordance with the Treasury Board Policy on Internal Control and the results and action plans are summarized in the annex.

The effectiveness and adequacy of Environment Canada's system of internal control is reviewed by the work of internal audit staff, who conduct periodic audits of different areas of Environment Canada's operations, and by the External Audit Advisory Committee, which reviews and provides guidance to the Deputy Minister for maintaining adequate control systems and financial reporting, and which recommends the financial statements to the Deputy Minister of Environment Canada.

The financial statements of Environment Canada have not been audited.

Approved by:

(the original version was signed by)
August 30, 2013

Bob Hamilton
Deputy Minister
Gatineau, Canada
(the original version was signed by)
August 29, 2013

Carol Najm
Chief Financial Officer
Gatineau, Canada
Date modified: