2016-2017 ANNUAL REPORT

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Management Statement of Responsibility

The financial statements of the Canada Media Fund (CMF) have been prepared by management and approved by the Board of Directors. The financial statements have been prepared in accordance with Canadian Accounting Standards for Not-for-Profit Organizations.  Management is responsible for the contents of the financial statements and the financial information contained in the annual report.  

To assist management in the discharge of these responsibilities, the CMF has a system of internal controls over financial reporting designed to provide reasonable assurance that the financial statements are accurate and complete in all material respects.

The Board of Directors oversees management’s responsibilities through an Audit Committee (Committee).  The Committee meets regularly with both management and the external auditors to discuss the scope and findings of audits and other work that the external auditor may be requested to perform from time to time, to review financial information, and to discuss the adequacy of internal controls.  The Committee reviews the annual financial statements and recommends them to the Board of Directors for approval.

CMF’s external auditor, KPMG LLP (External Auditors), Chartered Professional Accountants, have conducted an independent examination of the financial statements in accordance with Canadian generally accepted auditing standards, performing such tests and other procedures as they consider necessary to express an opinion in their Auditors’ Report.  The External Auditors have full and unrestricted access to management and the Committee to discuss findings related to the integrity of CMF’s financial reporting and the adequacy of internal control systems.


Valerie Creighton
President and CEO


Sandra Collins
VP Operations and CFO

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