FRANÇAIS

Message from the Chairman

CORPORATE PROFILE

Milestones: 2002/03

Statistical Snapshot and Financial Highlights

FROM WORDS TO ACTION

Message from the President

Objective: Strengthen Indigenous Research Capacity

Objective: Link Research and Policy

Objective: Analyze, Explore, and Consolidate

HUMAN AND FINANCIAL RESOURCES

Corporate Governance

How to Reach Us

Financial Management Discussion and Analysis

Financial Statements

RESPONSIBILITY FOR FINANCIAL STATEMENTS

The financial statements presented in this annual report are the responsibility of management and have been reviewed and approved by the Board of Governors of the Centre. The financial statements, which include amounts based on management's best estimates as determined through experience and judgement, have been properly prepared within reasonable limits of materiality and are in accordance with generally accepted accounting principles. Management also assumes responsibility for all other information in the annual report, which is consistent, where applicable, with that contained in the financial statements.

Management maintains financial systems and practices to provide reasonable assurance as to the reliability of financial information and to ensure that assets are safeguarded and the operations are carried out effectively and in accordance with the International Development Research Centre Act and bylaws of the Centre. The Centre has an Internal Audit department whose functions include reviewing internal controls and their application on an ongoing basis.

The Board of Governors is responsible for ensuring that management fulfils its responsibilities for financial reporting and internal control. The Board benefits from the assistance of its Finance and Audit Committee in overseeing and discharging its financial management responsibility, which includes the review and approval of the financial statements. The Committee, which is made up of governors, meets with management, the internal auditors and the external auditors on a regular basis.

The Auditor General of Canada conducts an independent examination in accordance with Canadian generally accepted auditing standards. Her audit includes appropriate tests and procedures to enable her to express an opinion on the financial statements. The external auditors have full and free access to the Finance and Audit Committee of the Board.

 

Maureen O'Neil	Denys Vermette
President Ottawa, Canada 30 May 2003	Vice-President, Resources and Chief Financial Officer

Financial Statements (PDF file)