canadian tire audit report Essay
Canadian Tire Corporation, Limited (CTC) is primarily a canadian retailer, focusing on automotive and general merchandise. Founded in 1922, the company has been around for almost a century, building strong brand recognition in Canada. Initially starting as a car parts retailer they have expanded rapidly into other areas, mainly general merchandise retail. They have other secondary divisions being; Partsource Automotive stores (strictly automotive parts), Financial Services, Mark’s Work Wearhouse (clothing retailer), FGL Sports Ltd. (various sporting good retail chains), and Canadian Tire Petroleum (gas stations and car washing). The main users of CTC’s financial statements have been identified as the debt …show more content…
Wholly-owned subsidiaries of the Canadian Tire Corporation include Canadian Tire Financial Services Limited, Mark’s Work Wearhouse Ltd., Canadian Tire Real Estate Limited, and FGL Sports Ltd. The consolidated financial statements of CTC include the statements of these subsidiaries.
Code of ethics CTC has subscribed to a code of conduct that describes how management should act responsibly and ethically. There have not been any notable infractions or revisions recently. The code of conduct is publicly available, along with a a website and hotline for whistleblowers to report violations.
Corporate Governance There is a positive tone set by the Board of Directors and upper management in directing the company through its business operations. That large majority of directors are independent,