What was their duration, timeliness, and scheduling?
10.92 The average duration of a first cycle special examination was 19 months. Five examinations where projects were carried out sequentially took more than two-and-a-half years to complete. In the second cycle, a number of Crown corporations were undergoing their first special examination, or the first conducted by this Office. Second cycle examinations have averaged 14 months, and all but one have taken less than two years to complete ( see Exhibit 10.14 ). This improvement is a direct result of scheduling projects in an examination concurrently rather than in sequence, as was often done during the first cycle. The shorter duration has reduced the costs to corporations for their participation in the audit and has also made possible better resourcing by our Office. 10.93 As in the first cycle, timeliness and scheduling are still a problem. More than one third of the final examination reports were submitted to boards just after the deadline required by the Financial Administration Act
