PACP Committee News Release
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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
Public Accounts of Canada 2004
Ottawa, February 08, 2005 -
In response to the Auditor General’s concern about large and growing surpluses in the notional employment insurance account, the Committee recommended that the employment insurance account be used only for its intended purposes.
In response to the Auditor General’s concerns about accountability and foundations, the Committee recommended that the government amend all relevant legislation in order for the Auditor General to conduct value-for-money audits at foundations with assets in excess of $100 million.
The Committee’s eight other recommendations address these and other issues – all arising from the Auditor General’s commentary on the Public Accounts 2003-04 – in greater detail. They include, notably, recommendations on the ongoing transition to full-accrual accounting as well as the government’s accounting practices with respect to the federal debt.
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