Ferguson is expected to replace Sheila Fraser, who retired earlier this year.
Fraser became synonymous with controversy after her scathing audits of the long-gun registry and the sponsorship program under the previous Liberal government.
Ferguson is currently New Brunswick's deputy finance minister and was the province’s auditor from 2005 until last year.
During his last year as auditor, Ferguson raised questions about the province’s debt and perceived lack of a plan to rein in spending.
Because the auditor general is an officer of Parliament, Ferguson's appointment must be formally approved by the Senate and House of Commons.
THE COMPLETE TEXT OF THE ANNOUNCEMENT
Prime Minister Stephen Harper is pleased to announce the nomination of Michael Ferguson as the new Auditor General of Canada.
“Our Government is committed to accountability. I am confident that Michael Ferguson will provide an independent check to ensure that taxpayers’ dollars are being used effectively,” said the Prime Minister. “He will bring a deep understanding of the role of an Auditor General, the relationship to Parliament and government, as well as the independence of mind required of an auditor. I am pleased that he has agreed to be nominated for this important role.”
Mr. Ferguson served as the Auditor General of New Brunswick from 2005 until 2010. Presently, Mr. Ferguson is the Deputy Minister of Finance and Secretary of the Board of Management for the Province of New Brunswick. His earlier experience includes over 20 years with New Brunswick’s Office of the Comptroller in positions of increasing responsibility and scope, including as Comptroller, a position which he held for 5 years. He is a graduate of the University of New Brunswick, where he received a Bachelor of Business Administration.
The Office of the Auditor General of Canada was established by Parliament in 1878 under the Auditor General Act. The Office audits federal government departments and agencies, most Crown corporations, and many other federal organizations, and reports publicly to the House of Commons on matters that the Auditor General believes should be brought to its attention. The Auditor General is also the auditor for the territorial governments and reports directly to their legislative assemblies.
As set out in the Auditor General Act, this appointment must be approved by resolution of the Senate and House of Commons. In addition, pursuant to Standing Order 111.1, the Government will be tabling this nomination for referral to the appropriate Standing Committee."