PACP Committee News Release
If you have any questions or comments regarding the accessibility of this publication, please contact us at accessible@parl.gc.ca.
|
Standing Committee on Public Accounts |
HOUSE OF COMMONS CHAMBRE DES COMMUNES OTTAWA, CANADA K1A 0A6 |
Comité permanent des comptes publics |
For immediate release
NEWS RELEASE
Canada is a world leader in the preparation of its financial statements
Ottawa, December 06, 2006 -
Mr. Shawn Murphy, MP, and Chair of the House of Commons Standing Committee on Public Accounts, tabled the Committee’s 12th Report on the Public Accounts of Canada.
The Committee was pleased to observe that for the eighth year in a row, the Auditor General issued a “clean” opinion on the consolidated financial statements of the Government of Canada, the Public Accounts. Also, the Auditor General did not raise any matters of concern because previous issues, such as the accounting of transfers to foundations, had been addressed. The Government of Canada has established itself as a world leader in the preparation of its financial statements and will be making further progress by moving towards audited departmental financial statements.
However, the Committee is concerned by the lack of progress on the matter of increasing the use of accrual accounting in budgeting and appropriations. The Committee recommended that the government present to Parliament for discussion and debate a model on extending full accrual accounting to budgeting and appropriations.
- 30 -
|