Publications: Finance
Understanding Canadian Public Sector Financial Statements
June 2014
This guide is to help readers – specifically those who are not familiar with public sector financial statements – improve their ability to review and interpret government financial reports.
An article based on this report appears in CPA BC's In Focus Magazine (Sept/Oct 2014) on pages 32 and 33.
Information on preparing public sector financial statements, in accordance with Canadian Public Sector Accounting Standards, can be found here.
Receiving Value for Money from Procured Professional and Advisory Services
May 2014
This audit emphasizes the importance of government ensuring its procurement practices and policies are fair and consistently achieve the right services at the right price and time.
This report was discussed by the Legislative Assembly's Select Standing Committee on Public Accounts on December 8, 2014.
Credit Union Supervision in British Columbia
March 2014
This audit determines whether the method and extent of the supervision of the province's credit unions are appropriate, including whether the Financial Institutions Commission uses an appropriate supervisory framework for monitoring BC Credit Unions.
Working Capital Management Since 2010
March 2014
In August 2010, The Office of the Auditor General first looked at cash flow management in the college and school district sectors and found that government was not realizing best value. In this update report, we discuss the limited progress made since 2010.
This report was discussed by the Legislative Assembly's Select Standing Committee on Public Accounts on June 25, 2014.
Observations on Financial Reporting: 2012/13 Summary Financial Statements
November 2013
This report includes further detail on the audit opinion of the government's Public Accounts, as well as further recommendations on financial reporting and an overview of management letters.
This report was discussed by the Legislative Assembly's Select Standing Committee on Public Accounts on June 24, 2014.
Financial Statement Audit Coverage Plan for Fiscal Years 2014/15 through 2016/17
November 2013
The Financial Statement Audit Coverage Plan outlines a three-year financial audit plan for the Auditor General, detailing which government organizations our Office will audit directly and which will be audited by private sector auditors.The plan is prepared according to the Auditor General Act and professional auditing standards, and presented to the Select Standing Committee on Public Accounts for approval.
Audit Opinions Are Important: A discussion on the qualified audit opinion on B.C.'s 2012/13 Summary Financial Statements
August 2013
This information bulletin discusses the Auditor General's qualified audit opinion on B.C.'s 2012/13 Summary Financial Statements.