Ontario Clean W ater Agency 2012 Annual Report 23 OCW A s management and Boar d of Dir ectors ar e r esponsible for the fnancial statements and all other information pr esented in this annual r eport The fnancial statements have been pr epar ed by management in accor dance with Canadian public sector accounting standar ds OCW A is dedicated to the highest standar ds of integrity in its business T o safeguar d assets the Agency has a sound set of inter nal fnancial contr ols and pr ocedur es that balance benefts and costs Management has developed and continues to maintain fnancial and manageme nt contr ols information systems and management practices to pr ovide r easonable assurance of the r eliability of fnancial information in accor dance with the bylaws of the Agency Inter nal audits ar e conducted to assess management systems and practices and r eports ar e issued to the Executive Management T eam The Boar d of Dir ectors ensur es that management fulflls its r esponsibilities for fnancial and inter nal contr ol The Boar d of Dir ectors and the Audit and Finance Committee of the Boar d meet quarterly to oversee the fnancial activities of the Agency and at least once a year to r eview the fnancial statements and the exter nal auditor s r eport and r ecommend them to the Minister of the Envir onment for appr oval The Auditor General has examined the fnancial statements The Au ditor General s r esponsibility is to expr ess an opinion on whether the fnancial statements ar e pr esented fairly in accor dance with Canadian public sector accounting standar ds The Auditor s Report outlines the scope of the Auditor s examination and opinion Jane Pagel Dan Atkinson Pr esident and Chief Executive Of fcer V ice Pr esident Finance and Corporate Services T or onto Ontario April 17 2013 Management s Responsibility for Financial Information