OTTAWA—The federal auditor general says Export Development Canada has significant problems when it comes to risk management because it hasn’t kept up with evolving industry practices.
The warning comes almost 10 years after the auditor first flagged concerns about the Crown corporation, an export credit agency set up to help companies with international business deals.
The auditor’s report says the corporation has yet to implement a risk management framework which was first recommended in a 2009 audit.
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The report also found problems with the appointment of the corporation’s board, pointing out that at the end of last year, the terms of eight of…
