PACC Committee Meeting
Notices of Meeting include information about the subject matter to be examined by the committee and date, time and place of the meeting, as well as a list of any witnesses scheduled to appear. The Evidence is the edited and revised transcript of what is said before a committee. The Minutes of Proceedings are the official record of the business conducted by the committee at a sitting.
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MINUTES OF PROCEEDINGS
Meeting No. 47
Thursday, November 26, 1998
The Standing Committee on Public Accounts met in camera at 3:43 p.m. this day, in Room 209, West Block, the Chair, John Williams, presiding.
Members of the Committee present: John Finlay, Ivan Grose, Mac Harb, Steve Mahoney, Philip Mayfield, Lynn Myers, Gilles-A. Perron, Beth Phinney, and John Williams.
Acting Member present: Lou Sekora for Eugène Bellemare.
In attendance: From the Library of Parliament: Jean Dupuis and Brian O'Neal, Research Officers.
Pursuant to Standing Order 108(3)(e), the Committee proceeded to the consideration of matters relating to the future business of the Committee.
The Chair presented the Eight Report of the Sub-committee on Agenda and Procedure which read as follows:
The Sub-committee on Agenda and Procedure of the Standing Committee on Public Accounts met on Tuesday, November 24, 1998 and agreed to recommend the following:
THAT the Committee hold a meeting on Tuesday, December 8, 1998, at 3:30 p.m., with officials from the Secretariat of the Treasury Board, the Department of Finance and the Auditor General in relation to the Public Accounts of 1998 and Chapter 9 (Reporting Government Financial Results: the Importance of Complying with Objective Accounting Standards) of the April 1998 Report of the Auditor General.
It was agreed, - That the Eight Report of the Sub-committee on Agenda and Procedure be concurred in.
The Chair presented the First Report of the Sub-committee on Financial Reporting which read as follows:
Pursuant to the order of the Committee adopted on October 6th , 1998, the Sub-committee on Financial Reporting of the Standing Committee on Public Accounts met on November 18 and 25, 1998 and agreed to recommend the following:
- THAT the Standing Committee on Public Accounts establish a Sub-Committee to promote the acceptance of international financial reporting guidelines and standards for the public sector;
That the mandate of the Sub-Committee include a review of the current efforts by parliamentarians and international organizations, such as the World Bank, to promote the acceptance of guidelines and standards now being developed under the auspices of the International Federation of Accountants;
That the Sub-Committee be chaired by John Williams and that it be composed of eight (8) members including four (4) members from the Government and four (4) members from the Opposition to be appointed by the Chair after the usual consultations;
That the Chair of the Sub-Committee be authorized to hold meetings to receive evidence in the absence of a quorum, provided that four (4) members are present;
That the Sub-Committee be delegated all of the powers of the Standing Committee, except the power to report to the House;
That the Sub-Committee be authorized to reimburse the travelling expenses of the witnesses which will be charged to the budget of the Standing Committee;
That the Sub-Committee be authorized to seek the authority and the necessary funds to travel, if deemed appropriate; and
That the Sub-Committee report its findings and recommendations to the Standing Committee no later than May 31st, 1999.
It was agreed, - That the First Report of the Sub-committee on Financial Reporting be concurred in.
Pursuant to Standing Order 108(3)(e), the Committee proceeded to the consideration of a Draft Report respecting Chapter 18 (The Financial Information Strategy: A Key Ingredient in Getting Government Right) of the September 1998 Report of the Auditor General of Canada.
The Committee considered the Draft Report and proposed revisions thereto.
It was agreed, - That the Draft Report, as amended, be concurred in.
It was agreed, - That the Chair be authorized to make such grammatical and editorial changes to the Report as may be necessary without changing the substance of the Report.
It was ordered, - That the Report, as amended, be presented by the Chair of the Committee to the House of Commons.
At 3:52 p.m., the Committee adjourned to the call of the Chair.
Bernard G. Fournier
Clerk of the Committee