Summary
We issued unqualified independent auditor’s reports on the 2017–2018 financial statements for the Ministry of Advanced Education, the Department of Advanced Education and Access to the Future Fund. The ministry consolidated financial statements required a restatement of the comparative figures due to a material prior period error identified at the University of Calgary.
Included in the ministry consolidated financial statements are the department, Access to the Future Fund, 21 public post-secondary institutions, Keyano College Land Trust, MacEwan Downtown Corporation, Olds College Trust, PanGlobal Training Systems Ltd. and West Campus Development Corporation.
There are no new recommendations to the department in this report. The department has six outstanding recommendations, two of which have been outstanding for more than three years.