Audit of the Public Accounts for the year ended March 31, 2009 & Public Sector Compensation Disclosure Reporting December 2009

This report includes sections related to:

• Highlights of the audit of public accounts for the 2008/09 fiscal year
• Understanding the summary financial statements
• Convergence of Canadian GAAP to International Financial Reporting Standards and how this affects the financial reporting by government organizations
• Other financial reports in public accounts:
  • Statement of Calculation of Balance under the Balanced Budget, Fiscal Management and Taxpayer Accountability Act
  • Fiscal Stabilization Account – Statement of Transfers and Account Balance
  • Debt Retirement Account Statement of Transfers and Account Balance
  • Schedule of Public Sector Compensation Payments of $50,000 or More
  • Report on Amounts Paid or Payable to Members of the Assembly
• Follow up of prior years’ recommendations

Published: December 2009

Sector: Government Operations