CATSA is a Crown corporation listed under Part I, Schedule III of the Financial Administration Act and is an agent of Her Majesty in right of Canada. CATSA is responsible for securing specific elements of the air transportation system, from passenger and baggage screening, to screening airport workers.
Management is responsible for the preparation and fair presentation of these unaudited condensed interim financial statements in accordance with International Accounting Standard 34 Interim Financial Reporting, and The Treasury Board of Canada’s Directive on Accounting Standards: GC 5200 Crown Corporations Quarterly Financial Report, and for such internal controls as management determines are necessary to enable the preparation of the unaudited condensed interim financial statements that are free from material misstatement.
CATSA was established pursuant to the CATSA Act on April 1, 2002. CATSA is a Crown corporation listed under Part I, Schedule III of the Financial Administration Act (FAA) and is an agent of Her Majesty in right of Canada.
The financial statements contained in this annual report have been prepared by management in accordance with International Financial Reporting Standards (IFRS). The integrity and objectivity of the data in these financial statements are management’s responsibility. Some of the information in the financial statements is based on management’s best estimates and judgments and gives due consideration to materiality.
Management’s Discussion and Analysis (MD&A) outlines CATSA’s financial results and operational changes for the year ended March 31, 2022. This MD&A should be read in conjunction with CATSA’s audited annual financial statements and accompanying notes for the year ended March 31, 2022, which have been prepared in accordance with International Financial Reporting Standards (IFRS).
Under Part IV of the Official Languages Act, CATSA is required to provide screening services to the travelling public in both official languages at airports with one million or more passengers, and at airports where there is a significant demand for services in the minority language.
CATSA is accountable to Parliament through the Minister of Transport and is governed by a Board of Directors appointed by the Governor in Council. Two of the Directors are nominated by the airline industry and two from the airport industry.
The Board of Directors is responsible for overall stewardship of CATSA, including:
